On February 15th, 2023, ASIC declared its intentions to expand its enforcement focus areas in the upcoming year, with a particular emphasis on protecting consumers from financial harm. The regulator has identified greenwashing, predatory lending, and misleading insurance pricing promises as key areas of focus for the year.
The announcement coincides with the publication of ASIC's latest enforcement and regulatory report, which highlights the agency's recent activities and outlines its priorities for the coming year (REP 757). According to ASIC Deputy Chair Sarah Court, the agency's recent enforcement actions demonstrate its ongoing commitment to addressing misconduct, market integrity threats, and consumer harms across a range of sectors, including financial services, retail, and crypto-assets.
These actions have targeted issues such as corporate governance and directors' duties, product design and distribution, and misleading statements regarding sustainable finance practices.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
