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
Enforcement action targeting poor design, pricing and distribution of financial products
including in relation to insurance, superannuation and other investment products and credit
Misleading conduct in relation to sustainable finance including greenwashing
Misconduct involving high risk products including crypto assets
Combating and disrupting investment scams
including working with other regulators, industry and social media platforms to reduce consumer harm
Protecting financially vulnerable consumers
impacted by predatory lending practices or high-cost credit including conduct by unlicensed or 'fringe' entities
Misleading and deceptive conduct relating to investment products
which obscures the risk, performance or nature of financial products
Misconduct in the superannuation sector
including misleading conduct and poor governance
Failures by providers of general insurance
to deliver on pricing promises to consumers
Misconduct that involves misinformation through social media
about investment products, including 'finfluencer' conduct
Governance and director's duties failures
including those related to property schemes that expose investors to significant loss
Manipulation in energy and commodities derivatives markets
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