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ARTICLE · 08 SEPTEMBER 2023

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Funds Update – 8 September 2023

Herbert Smith Freehills Kramer LLP
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On 28 August 2023, ASIC published its Corporate Plan 2023–2027 (the Plan), which outlines the corporate regulator's priorities over the next four years.

AustraliaFinance and Banking
Fiona Smedley
Fiona Smedley

In this Funds Update for 8 September 2023:

  1. ASIC publishes Corporate Plan 2023–2027 with strategic focus on DDO
  2. ASIC issues new legislative instruments for financial resource requirements and platforms
  3. ASIC publishes review of OTC derivatives issuers' compliance with DDO
  4. ASIC proposes to remake financial reporting legislative instrument for stapled entities
  5. Commonwealth Parliament passes financial accountability regime bills

ASIC publishes Corporate Plan 2023–2027 with strategic focus on DDO

On 28 August 2023, ASIC published its Corporate Plan 2023–2027 (the Plan), which outlines the corporate regulator's priorities over the next four years.

The Plan outlines, amongst other things, ASIC's aim to continue pursuing targeted, risk-oriented surveillance measures to rectify deficiencies in the design and distribution obligations (DDO) of financial products.

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