Australia’s ASIC Sets New Safeguards for AI Trading, Rules Effective 2028

ASIC's move matters less for what it demands than for when: a 2028 compliance date gives firms a long runway, but also a long period of uncertainty over how testing and governance obligations will be interpreted in practice. It signals that algorithmic accountability is shifting from best practice to enforceable rule across major markets, which raises the compliance bar for smaller participants without dedicated quant risk teams. The open question is whether the extended timeline invites firms to defer investment until closer to the deadline.