The Australian Securities and Investments Commission (“ASIC”) outlined its enforcement priorities on 3 November 2021 and has increased its surveillance and enforcement focus on fund managers, superannuation trustees and responsible entities more recently, amongst its other priorities, on greenwashing and product design, and distribution obligations…
next steps for firms
Financial firms should review and update any offer documents, disclaimers and marketing materials to ensure they avoid enforcement action. We are well-placed to assist firms with this review and can advise on next steps.
For more information, and any guidance or advice on complying with the disclosure and obligations regulations, Cleveland & Co External in-house counsel™, your specialist outsourced legal team, are here to help.
ESG continues to be a priority area for regulators globally, and we will follow it closely. To learn more about what UK and US regulators are doing in this area, please see our articles: US developments in ESG regulation and UK sustainability disclosure requirements.
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