Penalty is one of the highest ASIC has ever obtained for misleading conduct and false or misleading representations relating to financial products and services.
Hameed Shuja
Our regular roundup of the latest news and developments from the FCA.
The Australian Securities and Investments Commission’s latest actions and news, July 20-27, 2026.
Regulator says it uses insights from enforcement actions to inform supervisory activity and work on regulatory standards.
Hundreds of firms in the sector took part in the FCA review and shared details about their business models and risk identification and control systems.
The regulator’s Supercharged Sandbox is a secure, controlled environment where firms can experiment with advanced AI technologies without worrying about compliance breaches.
Besides securing major penalties against global firms for misconduct, ASIC also drove tens of millions in payments back to Australians in the first half of 2026.
Reforms pave way for modern framework that supports system-wide improvements and learning while taking robust response to serious or significant failures, FRC says.