ASIC Enforcement Priorities

ASIC's Enforcement Priorities for 2023 focus on the need to protect consumers from financial harm and uphold the integrity of Australia’s financial markets.

These priorities communicate our intent to industry and our stakeholders, and give a clear indication of where we will direct our resources and expertise.

2023 priorities

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Enforcement action targeting poor design, pricing and distribution of financial products

including in relation to insurance, superannuation and other investment products and credit

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Misleading conduct in relation to sustainable finance including greenwashing

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Misconduct involving high risk products including crypto assets

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Combating and disrupting investment scams

including working with other regulators, industry and social media platforms to reduce consumer harm

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Protecting financially vulnerable consumers

impacted by predatory lending practices or high-cost credit including conduct by unlicensed or 'fringe' entities

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Misleading and deceptive conduct relating to investment products

which obscures the risk, performance or nature of financial products

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Misconduct in the superannuation sector

including misleading conduct and poor governance

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Failures by providers of general insurance

to deliver on pricing promises to consumers

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Misconduct that involves misinformation through social media

about investment products, including 'finfluencer' conduct

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Governance and director's duties failures

including those related to property schemes that expose investors to significant loss

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Manipulation in energy and commodities derivatives markets

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Unfair contract terms

including in insurance products


Enduring priorities

Misconduct damaging to market integrity

including insider trading, continuous disclosure breaches or failures and market manipulation

Misconduct impacting First Nations people

Misconduct involving a high risk of significant consumer harm

particularly conduct targeting financially vulnerable consumers

Systemic compliance failures by large financial institutions

resulting in widespread consumer harm

New or emerging conduct risks within the financial system


Last updated: 03/11/2022 03:51