Archive:February 20, 2023

1
Australia: Quality of Advice Report to be Stress Tested
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Australia: ASIC Reveals 2023 Enforcement Priorities

Australia: Quality of Advice Report to be Stress Tested

By Jim Bulling, Anabelle Weinberg and Oliver Herrmann

The Australian Government has released Michelle Levy’s Quality of Advice Review Final Report (Final Report) after a year-long consultation process that includes 22 recommendations across 13 areas to improve the regulatory framework of financial advice.

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Australia: ASIC Reveals 2023 Enforcement Priorities

By Matthew Watts and Rebecca Mangos

The Australian Securities and Investments Commission (ASIC) has revealed its key enforcement priorities for 2023. This year, ASIC has signalled an expanded focus on enforcement activity targeting:

  • sustainable finance practices and disclosure of climate risks;
  • financial scams;
  • cyber and operational resilience; and
  • investor harms involving crypto-assets.
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