Global Trustee and Fiduciary Services Bite-Sized Issue 9 2025

10 QUICK LINKS CRYPTOASSETS CYBERSECURITY EMIR (UK) FINTECH MIFID/MIFIR (UK) SUSTAINABLE FINANCE/ESG T+1 ASIA PACIFIC AUSTRALIA EUROPE LUXEMBOURG NORTH AMERICA UNITED KINGDOM Global Trustee and Fiduciary Services Bite-Sized | Issue 9 | 2025 • Reducing complexity in regulatory instruments, with pilots to consolidate and simplify 23 legislative instruments by at least 65 pages, in addition to the 181 pages of guides that have already been cut. • Making it easier to interact with ASIC, including transitioning more ‘paper-only’ documents to email lodgement and enabling electronic signatures on all forms by 1 October this year. These are practical next steps towards fully streamlined digital lodgement services in the future. The paper also highlights areas of law reformwhich ASIC says it heard from stakeholders would simplify regulation. It says it is actively contributing to these law reform discussions and working closely with Treasury to explore broader opportunities for reform. ASIC is seeking feedback on these initiatives and simplification more broadly by 15 October 2025. Link to Report here ASIC Publishes 2025-26 Corporate Plan On 27 August 2025, ASIC published its Corporate Plan for 2025-26 (the Plan), which outlines how ASIC will consolidate its transformation and deliver on its mandate to ensure a fair, strong and efficient financial system for all Australians. ASIC’s five strategic priorities are to: 1. Improve consumer outcomes; 2. Strengthen market disclosure and professional conduct; 3. Support better retirement outcomes and member services; 4. Strengthen operational digital and data resilience and safety; and 5. Drive integrity and transparency across markets. Guided by the strategic priorities set out in its Plan, ASIC says that its work over the next 12 months and beyond will include: • Driving regulatory reform to ensure the stability, fairness, and transparency of Australia’s capital markets; • Ensuring stable, secure, and resilient market infrastructure; • Pursuing continuous improvement in artificial intelligence governance and cyber security; • Holding superannuation trustees accountable for Australians’ retirement savings; and • Reducing the regulatory burden on businesses. ASIC states that navigating regulatory complexity is a significant challenge and it is considering what it can do, within its powers, in 2025–26 and beyond to simplify regulation and make the most difference. ASIC states that it considers the best way of doing this is to attack a clearly identified group of specific problems. ASIC outlines these as: • Regulatory simplification; • Regulatory simplification report; • Who ASIC is working with; and • ASIC’s commitment to simplification. Link to ASIC Corporate Plan 2025-26 here