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Australia
Australian Securities and Investments Comission
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1966 charsAustralian Securities and Investments Commission Proposes Extension of Eight Financial Services Legislative Instruments
On August 11, 2026, the Australian Securities and Investments Commission (ASIC) released a consultation seeking feedback on its proposal to extend the operation of eight legislative instruments currently scheduled to self-repeal in 2027. ASIC assessed that each instrument operates effectively and efficiently and continues to form a necessary and useful part of the legislative framework. The regulator proposes to amend only the self-repeal date for each instrument, allowing them to continue operating until their aligned sunsetting dates.
The eight instruments proposed for extension address various aspects of financial services regulation. These include ASIC Market Integrity Rules (Futures Markets) Class Waiver 2018/313, which addresses technical limitations in the ASX 24 New Trading Platform; ASIC Corporations (Notification of Authorised Representatives) Instrument 2022/301, which exempts authorised representatives from notifying ASIC of sub-authorisations for claims handling services; and ASIC Corporations (Cash Settlement Fact Sheet and Confirming Transactions) Instrument 2022/809, which provides conditional relief where cash settlement disclosures would pose risks of family violence. Additional instruments cover financial requirements for over-the-counter derivatives issuers, employer-sponsored superannuation notices, product disclosure statements, financial services guides, and employee share schemes. The proposed new expiry dates range from October 1, 2028 to April 1, 2033, depending on the instrument. ASIC confirmed that no substantive amendments to these instruments are necessary beyond extending their operation dates.
The consultation period closes on September 8, 2026 at 5:00pm Australian Eastern Standard Time. Stakeholders should submit feedback to rri.consultation@asic.gov.au. ASIC will consider the regulatory impact of the proposal under the Australian Government Impact Analysis Framework before finalising its position.
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2674 charsAustralian Securities and Investments Commission Proposes Extension of Eight Financial Services Legislative Instruments
On August 11, 2026, the Australian Securities and Investments Commission (ASIC) opened a consultation on extending eight financial services, credit and markets legislative instruments that are currently scheduled to self-repeal in 2027. ASIC considers that the instruments continue to operate effectively and form a necessary part of the regulatory framework. It therefore proposes to amend only their self-repeal dates, without changing their substantive provisions.
The proposed extensions cover:
ASIC Instrument 2018/313 , which conditionally exempts futures-market participants from requirements to enter aggregate loss limits that the ASX 24 trading platform cannot technically accommodate.
ASIC Instrument 2022/301 , which exempts authorised representatives from notifying ASIC when employees are sub-authorised to provide claims-handling and settlement services relating to general or consumer credit insurance.
ASIC Instrument 2022/809 , which provides conditional relief from providing a Cash Settlement Fact Sheet or transaction confirmation where doing so could expose a person experiencing family violence to unacceptable risk.
ASIC Instrument 2022/705 , which requires issuers of over-the-counter derivatives to retail clients to maintain sufficient financial resources to cover anticipated expenses and unexpected operating losses.
ASIC Instrument 2022/496 , which reduces duplication arising from substantially similar Product Disclosure Statements for employer-sponsored superannuation products and permits members to be directed to online product dashboards.
ASIC Instrument 2022/497 , which permits issuers of certain complex products to provide a full rather than shorter Product Disclosure Statement and gives superannuation trustees and platform operators greater flexibility when delivering product disclosures.
ASIC Instrument 2022/910 , which exempts certain authorised representatives handling claims for general or bundled consumer credit insurance from providing a Financial Services Guide.
ASIC Instrument 2022/1021 , which provides relief supporting the operation of the employee share scheme regime under the Corporations Act.
ASIC Instrument 2018/313 would be extended until October 1, 2028. ASIC Instruments 2022/301, 2022/809, 2022/705, 2022/496 and 2022/497 would be extended until October 1, 2032, while ASIC Instruments 2022/910 and 2022/1021 would be extended until April 1, 2033. These extensions would preserve the instruments’ existing requirements and exemptions without substantive amendment.
Comments should be submitted to rri.consultation@asic.gov.au by 5:00 p.m. Australian Eastern Standard Time on September 8, 2026.