Macquarie acknowledges the civil proceedings commenced by ASIC against Macquarie Securities (Australia) Limited (MSAL) primarily in relation to inaccurate short sale transaction reporting.
Specific issues with MSAL’s daily reporting of the number of shares short sold were first identified by MSAL and self-reported to ASIC in late 2022. MSAL subsequently identified a number of related issues, which were also self-reported to ASIC.
The reporting issues identified in the proceedings have been remediated with additional controls implemented.
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