Insignia Financial (ASX:IFL) said its company secretariat and people and culture divisions conducted a review of its internal processes and governance arrangements regarding compliance with certain Australian Securities Exchange (ASX) listing rules and updated its processes, while implementing additional controls to support timely disclosure, including in the event of personnel changes, based on the findings, according to a Friday Australian bourse filing.

The ASX sent a letter to the firm on Jan. 14, noting that the firm appeared to have failed to comply with the listing rules, after Insignia said in a December 2025 disclosure that it appeared "that the usual ASX appendices in relation to the performance rights plans have not been released to the ASX since December 2020."

Insignia said that it does not plan to provide further details on performance rights movements between December 2020 and June 30, 2025, and noted that its annual reports for that period provided its security holders with meaningful disclosure about the movements of its performance rights during the period.

It confirmed all required security holder approvals were obtained for performance rights granted to key management, including former Chief Executive Renato Mota and current CEO Scott Hartley.