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Australia's corporate, markets, financial services, and consumer credit regulator, enforcing the Corporations Act and financial services licensing obligations.
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.
Australia's corporate, markets, financial services, and consumer credit regulator, enforcing the Corporations Act and financial services licensing obligations.
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.
Australian Securities and Investments Commission (ASIC) is a regulator in Australia. Its official website is www.asic.gov.au.
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Free assessment, 3 minutes →This page is general information about ASIC's role in AI governance, not legal, regulatory, or professional advice, and does not capture every nuance or exception. Regulatory remits and expectations change. Always verify current requirements at ASIC's official source above and with your own qualified legal counsel.