Australian Regulator Consults on Proposed Regulatory Regime Regarding Financial Benchmarks

       By Gary DeWaal

The Australian Securities and Investments Commission sought feedback on potential new rules for administering a financial benchmark regulatory regime. The new regime is based on the IOSCO Principles for Financial Benchmarks issued in July 2013 (click here to access) and is designed to facilitate equivalence assessments under overseas regimes. ASIC will accept comments through August 21.