Update on ASIC’s regulatory roadmap for public and private capital markets

ASIC’s surveillance of private capital funds is now underway. These surveillances cover retail and wholesale funds and are examining a range of issues including governance; valuation practices; conflicts of interest; staff and insider trading; the protection of confidential information; and the fair treatment of investors. For private credit funds, there is also a focus on credit risk and liquidity management.

 ASIC expects to release an update to our paper and surveillance work later in 2025 that will outline their responses to key feedback and ideas and how they will use these inputs to inform their priorities and future work program.