Australian Securities and Investments Commission
Australia's corporate, markets, financial services, and consumer credit regulator, enforcing the Corporations Act and financial services licensing obligations.
Its role in AI governance
ASIC's position is that existing licensing and conduct obligations already apply to AI use by financial services and credit licensees — including the obligations to act efficiently, honestly, and fairly, and to maintain adequate risk-management systems. ASIC has reviewed AI adoption among licensees and signalled that directors and licensees remain accountable for AI-assisted decisions.
Key concepts
Frequently asked questions
What does ASIC regulate?
Australia's corporate, markets, financial services, and consumer credit regulator, enforcing the Corporations Act and financial services licensing obligations.
What is ASIC's role in AI governance?
ASIC's position is that existing licensing and conduct obligations already apply to AI use by financial services and credit licensees — including the obligations to act efficiently, honestly, and fairly, and to maintain adequate risk-management systems. ASIC has reviewed AI adoption among licensees and signalled that directors and licensees remain accountable for AI-assisted decisions.
What jurisdiction does ASIC cover?
Australian Securities and Investments Commission (ASIC) is a regulator in Australia. Its official website is www.asic.gov.au.
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