In a recent speech ASIC Commissioner Simone Constant stated that ASIC is undertaking active surveillances across wholesale and retail funds to check whether all private credit participants are adopting its 10 principles for private credit (pdf) as a practical benchmark for self-assessment and uplift. Background

She discussed the role of fund managers, institutional investors and superannuation trustees, and valuers, auditors and ratings agencies in ensuring that investors can have confidence that the information and the assessments they are relying on are sound.

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Author: David Jacobson
Principal, Bright Corporate Law
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The information contained in this article is not legal advice. It is not to be relied upon as a full statement of the law. You should seek professional advice for your specific needs and circumstances before acting or relying on any of the content.