From October 2024 to August 2025, the Australian Securities & Investments Commission (ASIC) surveilled 28 private credit funds, including listed and unlisted funds, and retail and wholesale investor funds. In ASIC Report 820: Private credit surveillance report: Retail and wholesale surveillance dated 5 November 2025 (ASIC Report 820), ASIC outlines the better
On 20 November 2025, the Australian Prudential Regulation Authority (APRA) issued a new System Risk Outlook report, which sets out the regulator’s twice yearly view of risks and vulnerabilities facing Australia’s financial system. The report also includes a summary of the findings from Phase 1 of APRA’s inaugural system risk stress test
On 20 November 2025, the Financial Stability Board (FSB) published a letter from its Chair to G20 leaders ahead of their summit on 22-23 November 2025.
In his letter FSB Chair, Andrew Bailey, refers to the challenging economic outlook, noting that the FSB is operating in a “world of considerable challenge”, and calls
On 12 November 2025, the Australian Prudential Regulation Authority (APRA) published the remarks made by Executive Director Carmen Beverley-Smith at the ASFA Conference 2025.
The speech frames recent cyber incidents, operational disruptions and the high-profile collapse of two managed investment schemes offered through trustee-provided platforms as a stress test of public confidence. Trustees
On 5 November 2025, the Australian Securities and Investments Commission (ASIC) published Report 820 that summarises its observations from a review of private credit funds offered to retail and wholesale investors.
The report will interest responsible entities and trustees of managed funds, investment management firms, portfolio managers, investment advisers and consultants, financial advisers
On 9 October 2025, the Financial Markets Standards Board (FMSB) published in final form a Statement of Good Practice on Unauthorised Trading Frameworks.
The FMSB is an industry-led, member-funded global standards body for the wholesale financial markets.
The FMSB has issued the Statement of Good Practice to help establish practical, industry-wide guidance
On 8 October 2025, the Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Bill 2025 reached the third reading stage in the House of Representatives.
The Bill is an omnibus Bill which amends the Corporations Act 2001 (Cth) in addition to various taxation, charities, financial regulation oversight, competition and foreign investment laws in the
On 8 October 2025, the Australian Securities and Investments Commission (ASIC) issued its latest annual report.
The annual report covering 1 July 2024 to 30 June 2025 reflects on ASIC’s work during the year where enforcement activity was ramped up and a significant body of work to address regulatory complexity in Australia’s
On 30 September 2025, the Australian Securities and Investment Commission (ASIC) issued a media release urging financial advisers to review the accuracy of their information on the Financial Advisers Register.
Background
Financial advisers (also known as relevant providers) who are also existing providers generally have until 1 January 2026 to meet the qualifications
On 29 September 2025, the Australian Securities and Investments Commission (ASIC) issued ASIC Corporations (Managed investment product consideration) Instrument 2025/629 (ASIC Instrument 2025/629) which continues the relief previously provided under ASIC Corporations (Managed investment product consideration) Instrument 2015/847 (ASIC Instrument 2015/847), with minor changes.
Sunset
ASIC Instrument 2015/847 was