Tag: ASIC review

August 09, 2016 BY Valentina Kirilova

ASIC reviews the Australian equity market cleanliness

A review by ASIC has found an overall improvement in the measures of cleanliness in the Australian listed equity market over the past decade. Report 487 Review of Australian equity market cleanliness, looked at possible insider trading and information leakage ahead of material, price-sensitive announcements (material announcements) by analysing price movements or shifts in trading…

Read more
August 09, 2016 BY Valentina Kirilova

ASIC review of handling of confidential information and conflicts of interest by sell-side research and corporate advisory

An ASIC review of risks related to the handling of confidential information and conflicts of interests, particularly in the provision of sell-side research and corporate advisory services, has found that most firms have policies and procedures in place to deal with these risks. However, there remain instances of poor and inconsistent practice in their application.…

Read more
July 14, 2016 BY Valentina Kirilova

ASIC reports on review of due diligence practices in IPOs

An ASIC review of issuer due diligence in initial public offerings (IPO), has found a close correlation between defective disclosure in a prospectus and poor due diligence. Due diligence practices in initial public offerings includes this and other findings and provides ASIC's recommendations for good practice due diligence for issuers and directors. In the context…

Read more