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ARTICLE · 18 JUNE 2020

ASIC refocuses priorities to face COVID-19 challenges

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ASIC will maintain enforcement and investigative activities, but it will also reprioritise as COVID-19 impacts companies.

AustraliaFinance and Banking
William Kontaxis
William Kontaxis
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ASIC refocuses priorities to face COVID-19 challenges

Australia's corporate regulator, the Australian Securities and Investments Commission (ASIC), has moved quickly to refocus its priorities as coronavirus impacts Australian companies.

ASIC will maintain its enforcement and investigative activities during the coming months, but it will look to prioritise the following matters:

  • action necessary to prevent immediate consumer harm
  • serious breaches of the law
  • where there is risk to market integrity
  • time-critical matters.

ASIC has stressed that it will maintain key 'business as usual' functions, including:

  • registry operations and services
  • receipt of whistleblower, breach and misconduct reports

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