<p><span>ASIC has today released updated guidance for industry on making notifications to ASIC under the reportable situations regime (formerly breach reporting).</span></p>
PwC to overhaul ASICâs structure
Jun 9, 2021 â 10.34am
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The leaders of the Australian Securities and Investments Commission are braced for a restructure after new chairman Joe Longo tapped consultants PwC to review the regulator.
Mr Longo, who formally took over from James Shipton at the start of this month, has also set up his own office of the chairman to help stamp his authority on the corporate watchdog.
Appearing at a Senate Estimates committee last week, Joe Longo said he believed ASICâs âstrength and effectiveness as an institution can be enhancedâ.Â
The move to probe ASICâs structure comes ahead of a soon-to-be-launched capability review of the regulator by the governmentâs new Financial Regulator Assessment Authority.