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18-291MR Statement from ASIC Chair James Shipton on the Interim Report of the Financial Services Royal Commission
ASIC today welcomed the Financial Services Royal Commission’s Interim Report and acknowledged the Commission’s work to date.
ASIC notes the report’s serious and important observations of ASIC’s role as a regulator.
ASIC will carefully consider these observations, as well as the broader findings in the report, and will respond fully in its submission by 26 October 2018.
ASIC will continue to assist the Royal Commission and to work with the Government, the Parliament and other regulators to build a stronger legislative, enforcement and regulatory framework with tougher penalties.