By Michael Hansel, Partner; Brian Moller, Partner;
Nicole Radice, Partner; Michele Muscillo, Partner; Michelle
Eastwell, Partner and Richard Hanel, Associate
Two recent events have illustrated the increase in trading
surveillance by ASIC since it assumed market supervision from ASX
in August last year:
- the release of ASIC's report into market supervision for
the first half of 2011; and
- the prosecution of an employee of a "proxy
solicitation" business owned by Computershare.
Here, Associate Richard Hanel looks at these two events in
detail.
What are the key points you need to be aware of?
- Companies must be vigilant in adopting and implementing trading
policies in the wake of increased ASIC scrutiny and the number of
matters referred to ASIC's Deterrence Team.
