Key updates in 2025 include:
- Cyber resilience and technology governance: Updated ASIC expectations following RI Advice and the 2025 FIIG action, highlighting board-level accountability.
- Outsourcing and offshoring oversight: New ASIC focus on due diligence and resilience testing for overseas service providers.
- Conflicts management review: Consultation Paper 385 proposes revised RG 181: Licensing – Managing conflicts of interest.
- Adviser registration reforms: Enhanced obligations under the Financial Sector Reform (Hayne Royal Commission Response) Act.
- Professional standards: Transition of the Financial Adviser Code of Ethics to the Treasury portfolio, maintaining core obligations under s921E.
ASIC enforcement trends: Continuing focus on culture, governance, and cyber resilience, with thematic enforcement across advice quality, conflicted remuneration, and record keeping. For insights and practical preparation tips, see Assured Support’s ASIC Enforcement Trends – What You Need to Know for 2025, which summarises ASIC’s priorities, recent cases, and what licensees should expect during surveillance and enforcement activity.