The Australian Securities & Investments Commission (ASIC), Australia’s financial regulator, has disclosed plans to tighten its regulation on several fronts, expected to increase the workload for legal partners in finance, regulatory, and litigation sectors throughout 2024. The commission’s upcoming actions will span a range of issues, including cryptocurrencies, cybersecurity, ‘greenwashing’, and new laws pertaining to scams. (Law.com)
Notably, the ASIC has also signaled intentions to focus on misconduct within Australia’s compulsory pension savings sector, known as superannuation. This, along with its mission to escalate court actions against companies, hints at an assertive approach to regulatory enforcement in the coming year.
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