The corporate regulator has confirmed new members to the panel, while seven will depart.
ASIC’s market disciplinary panel (MDP) – which makes decisions on whether infringement notices should be given for alleged contraventions of the market integrity rules – will welcome three new appointees in Jacqui Byrnes, Valerie Kingsmill and Barry Parker.
They will step in for retiring members that include Cilla Boreham, Richard Brasher, Russell McKimm, John Manchee, Mark Pugsley, Pete Robson and Lisa Shand.
Ms Kingsmill will also replace Ms Boreham as deputy chair of the panel.
“The MDP has firmly established itself as an important regulatory tool in maintaining market integrity. These new appointments will ensure that the MDP will continue to have the expertise, experience and diversity to perform that role,” ASIC commissioner Cathie Armour said.
“ASIC welcomes the new appointees and thanks the retiring members for their service and valuable contributions to the MDP.”
The appointments come as ASIC prepares for a “digital transformation” next year.
In a parliamentary joint committee on Friday (26 November), ASIC chair Joe Longo said ASIC will look to become a “modern, digitally-enabled regulator” in 2022.
“We have begun using our certified ‘data lake’ that provides ASIC with a platform from which all of its data activity on the financial services industry can be brought together, shared, reused and collaborated on through cutting edge data and analytic tools,” Mr Longo said.
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