The Australian Securities and Investments Commission (ASIC ) has announced its enforcement priorities for 2023, highlighting its focus on investor harms involving crypto-assets.
Other areas the regulatory enforcement team will prioritize are sustainable finance practices and disclosure of climate risks, financial scams, and cyber and operational resilience.
“We take our role to protect consumers and investors seriously and won’t hesitate to take action to protect consumers where we identify poor conduct,” said Sarah Court, the Deputy Chair at the Australian financial market watchdog. “We will also remain focused on helping industry to meet their legal obligations including by providing simple, effective, and easy-to-access guidance.”
The fresh priorities came after the Aussie regulator revealed several other focus areas in its four-year plan between 2022 and 2026, which it released last August. However, it then highlighted the priorities around the design and distribution of products and technology risks, not cryptocurrencies
