ASIC Has Plans to Light Up the Dark

Daniel Rowland/AFP

Leo Shanahan writes in The Australian that stockbrokers face increased reporting requirements over suspicious market behaviour under draft guidelines issued yesterday by the Australian Securities & Investments Commission.

The ASIC consultation paper revealed new rules governing “dark-pool” trading to address the increasing volume of off-market trades.

The changes, likely to be introduced in the middle of next year, aim to further regulate suspicious activity reporting by stockbrokers and increase short-sale tagging requirements.

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