Compliance & Ethics

The Board of Appeal of the European Supervisory Authorities (ESAs) has published a signed declaration of commitment and interests from Prof. Dr. Rudiger Veil, dated June 15, 2026, under Article 59(6) of the ESA founding regulations. It is a routine governance disclosure with no new obligations for financial institutions. It does reinforce the independence safeguards behind the appeals process that firms may use to challenge ESA decisions.

ASIC's Form 5111 is the mechanism through which responsible entities of registered managed investment schemes lodge their annual compliance plan audit reports under s601HG(7) of the Corporations Act 2001. The form discloses whether the auditor issued a qualified opinion on compliance plan adherence or on the plan's adequacy. Compliance teams must meet the three-month lodgement deadline to avoid late fees and regulatory scrutiny. Note that this is a form and guide, not a new rule. The content is dated 2011 and 2018, even though the listing shows a 2026 date, so teams should confirm that no substantive change is being introduced.

ASIC has published Form 903B (version dated 15 June 2022), the prescribed application for registration as a liquidator under Schedule 2 of the Corporations Act 2001 (Insolvency Practice Schedule, s20-5). The form is not a new rule. It restates the qualification, experience, fitness and propriety, and insurance criteria that applicants must meet. Compliance and insolvency practice teams should use it to prepare complete, accurate applications, because false or misleading statements carry disciplinary and prosecution risk.

ASIC has published Form 5107 (version dated 2 April 2024), which is used to notify ASIC when the responsible entity of a registered managed investment scheme changes through retirement or removal. The current responsible entity must lodge within 2 business days of the members' resolution, and late fees apply. Compliance teams at responsible entities and incoming operators need to prepare consents, meeting documents, and signatures in advance to avoid lodgement failures.

CMA Chair Doug Gurr used a keynote speech to reaffirm three commitments: a stable and predictable regulatory regime, continued process improvement through the "4Ps" (pace, predictability, proportionality, and process), and greater transparency. The speech is not new binding regulation. It signals that merger control, digital markets, and consumer protection enforcement will remain active but targeted, so compliance teams should align engagement and controls with these priorities.

ASIC's Form 5109 is the notification a temporary responsible entity (RE) must lodge under s601FQ(4) of the Corporations Act 2001 when it asks to add a new responsible entity to a registered managed investment scheme. It matters to compliance teams because it is part of the governance process for scheme transitions after a court-appointed temporary RE. Lodgement errors or omissions could delay the transition or create regulatory exposure.

ASIC's Form 5210 lets a corporate collective investment vehicle (CCIV), its corporate director, or a sub-fund liquidator apply to voluntarily deregister a sub-fund. Eligibility is limited to sub-funds with no assets or liabilities and no related legal proceedings. If the sub-fund is the CCIV's only sub-fund, deregistration also deregisters the CCIV, so compliance teams should confirm the full consequences before lodging.