World Corporate Law News provides a weekly snapshot of corporate law developments from around the globe. Here’s a glimpse of the key corporate law update this week.
1. Securities Law
1.1 ASIC Updates Relief for Securitisation Entities from Holding an AFS Licence
On April 10, 2026, the Australian Securities and Investments Commission (ASIC) remade a legislative instrument exempting securitisation entity from the requirement to hold an Australian financial services (AFS) licence.
ASIC Corporations (Securitisation Special Purpose Vehicles) Instrument 2026/175 (ASIC Instrument 2026/175) continues the relief provided under ASIC Corporations (Securitisation Special Purpose Vehicles) Instrument 2016/272 (ASIC Instrument 2016/272).
ASIC noted that the instrument is operating effectively and continues to form a useful part of the legislative framework.
Accordingly, the ASIC will also make minor amendments to Regulatory Guide 167 AFS licensing: Discretionary powers (RG 167) for consistency and clarity.
Background
ASIC consulted on a proposal to remake the relief in ASIC Instrument 2016/272. Refer to CS 43 Proposed extension of instrument relieving securitisation entities from holding an AFS licence.
ASIC Instrument 2026/175 applies to entities that carry on a securitisation business in specific circumstances and exempts them from the requirement to hold an AFS licence when providing financial services to clients other than retail clients.
Source – News
1.2 CSA Publishes Proposed Amendment to Insider Reporting Requirements for Comment
On April 9, 2026, the Canadian Securities Administrators (CSA) published a notice and request for comment on a proposed amendment to Part 9 of National Instrument 55-104 Insider Reporting Requirements and Exemptions. Part 9 primarily sets out general exemptions from insider reporting requirements in specified circumstances.
The proposed amendment is intended to clarify the insider reporting regime applicable to transactions involving investment funds, and certain structured products, such as structured notes, American Depositary Receipts and Canadian Depositary Receipts, that are based on securities of the reporting insider’s reporting issuer.
The CSA has invited feedback on the proposed amendment. The 60-day comment period closes on June 8, 2026. Stakeholders are encouraged to submit comments using the method set out in the notice, which is available on CSA members’ websites.
The CSA, the council of securities regulators of Canada’s provinces and territories, coordinates and harmonizes regulation for the Canadian capital markets.
Source – Press Release
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