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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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