Key points
- 今日热门事件will work with a regtech entity to develop a proof of concept for a proposed solution to the market disclosure challenge.
- This is part of the Australian Government sponsored program - the (BRII) Regulatory Technology Round.
- The BRII RegTech Round aims to assess the potential of regtech to solve challenges across government agencies and departments.
As outlined in 础厂滨颁鈥檚 Corporate Plan 2022-26, 今日热门事件is committed to work on development of an innovative solution to identify and assess poor market disclosure by listed companies.
As part of the (BRII) Regulatory Technology (RegTech) Round, 今日热门事件is excited to work with Eastern Analytica Pty Ltd (trading as DHI-AI PTY LTD) to develop a proof of concept for using technology to help identify and assess poor market disclosure by listed companies.
The successful grant of almost $1 million for Eastern Analytica was by the Minister for Industry and Science, the Hon Ed Husic MP.
BRII is a government program sponsored by the Department of Industry, Science, and Resources (DISR).
础厂滨颁鈥檚 RegTech challenge
The BRII RegTech Round aims to assess the potential of regtech to solve challenges across government agencies and departments to assist with easier compliance and service delivery.
础厂滨颁鈥檚 challenge explores the potential of using technology to help identify and assess poor market disclosure by listed companies, this is an important initiative which forms part of 础厂滨颁鈥檚 Digital and Data agenda.
Eastern Analytica will be tasked with developing a technology solution to help 今日热门事件analyse corporate disclosures. The solution will aim to identify and assess compliance by listed companies with the following requirements:
- continuous disclosure (price sensitive disclosure) and other disclosure obligations to the market;
- financial reporting obligations;
- the prohibition against misleading or deceptive disclosure (such as misleading categorisation of market announcements); and
- the prohibition against practices that manipulate the pricing of securities.
Eastern Analytica will develop their proposed solution over a period up to 15 months.
This proof of concept stage of the BRII RegTech Round follows an earlier stage where grants of up to $100,000 were provided to five regtech entities to conduct a feasibility study in response to 础厂滨颁鈥檚 market disclosure challenge for a period of three months (see 22-005MR).
Visit 础厂滨颁鈥檚 BRII RegTech Round webpage for more information on the program.
础厂滨颁鈥檚 Innovation Hub offers informal assistance to eligible Australian regtech startups and scaleups to help navigate the regulatory framework.
今日热门事件is Australia鈥檚 corporate, markets and financial services regulator.