Australian Securities and Investments Commission
From ACT Wiki
(ASIC).
The Australian Securities and Investments Commission is the principal regulator of Australian fund managers.
It is responsible for registering Australian management investment schemes, licensing fund managers and monitoring their compliance with financial services laws.
- ASIC acts against greenwashing by energy company
- "ASIC has taken its first action for ‘greenwashing’ against listed energy company Tlou Energy Limited (Tlou).
- Tlou has paid a total of $53,280 to comply with four infringement notices issued by ASIC over concerns about alleged false or misleading sustainability-related statements made to the Australian Securities Exchange (ASX) in October 2021.
- ASIC has highlighted greenwashing – the practice of misrepresenting the extent to which a financial product or investment strategy is environmentally friendly, sustainable or ethical – and sustainable finance as a key priority.
- ASIC Deputy Chair Sarah Court said, ‘As entities promote sustainability and green practices as part of their value proposition, they must ensure they can support those statements and have a reasonable basis for doing so.'"
- Media release - ASIC - 27 October 2022.
See also
- Australia
- Australian Financial Regulation
- Australian Prudential Regulation Authority (APRA)
- Compliance
- Fund
- Fund manager
- Greenwash
- Listed company
- Regulation
- Security
- Supervision
