[World Corporate Law News] ASIC Announces 2026 Enforcement Priorities

Editorial Team – [2025] 180 taxmann.com 584 (Article)

World Corporate Law News provides a weekly snapshot of corporate law developments from around the globe. Here’s a glimpse of the key corporate law update this week.

1. Securities Law

1.1 ASIC announces 2026 enforcement priorities

On November 13, 2025, the Australian Securities and Investments Commission (ASIC) announced 2026 enforcement priorities. Private credit practices, financial reporting misconduct, insurance complaints and claims handling, and misleading pricing are among a range of new enforcement priorities ASIC has unveiled for 2026.

ASIC Deputy Chair Sarah Court said, ASIC’s 2026 enforcement priorities have been designed to protect consumers from financial harm and uphold the integrity of Australia’s financial markets.

In 2026, ASIC’s new enforcement priorities are:

(a) Misleading pricing practices impacting the cost of living for Australians

(b) Poor private credit practices

(c) Financial reporting misconduct, including failure to lodge financial reports

(d) Claims and complaint handling failures by insurers

Continuing enforcement priorities are:

(a) Strengthening investigation and prosecution of insider trading conduct

(b) Misconduct exploiting consumers facing financial difficulty including predatory credit practices

(c) Unlawful practices seeking to evade small business creditors

(d) Holding super trustees to account for member services failures

(e) Auditor misconduct

ASIC’s enforcement priorities for 2026 are designed to send a clear and effective signal to the market about where ASIC will focus its resources and expertise.

In addition to ASIC’s 2026 enforcement priorities, ASIC’s enduring priorities remain, including protecting First Nations and vulnerable consumers, upholding market integrity, acting against systemic failures, and ensuring a fair, strong, and efficient financial system for all Australians.

Source – Official Announcement

2. Banking Law

2.1 MAS proposes to introduce guidelines on Artificial Intelligence Risk Management for Financial Institutions

On November 13, 2025, the Monetary Authority of Singapore (MAS) issued a consultation paper on proposed guidelines on Artificial Intelligence Risk Management for Financial Institutions. The guidelines focus on oversight of AI risk management in financial institutions (FIs), key AI risk management systems, policies and procedures, key AI life-cycle controls, and the capabilities and capacity needed for AI use.

The proposed guidelines aim to establish a set of expectations that are generally applicable across the financial sector, and may be applied in a proportionate manner across FIs of different sizes and risk profiles. The guidelines should be generally applicable across different AI applications and technologies, including Generative AI and newer developments such as AI agents.

MAS invites comments from FIs and other interested parties on the guidelines. Comments on the guidelines may be submitted by January 31, 2026.

Source – Official Guidance

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