Further to its statement of 4 February, the Australian Securities and Investments Commission (ASIC) is today providing an update on its planned actions in relation to the recommendations of the Report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (the Royal Commission).

The Royal Commission’s recommendations reinforce, and will inform the implementation of steps ASIC has been taking as part of a strategic program of change that commenced in 2018 to strengthen our governance and culture and to realign our enforcement and regulatory priorities. This update also provides a report of progress on those changes.