Australia Regulator Steps Up Private Markets Focus With New Unit
- ASIC says conduct in private markets among its top priorities
- Private assets are facing scrutiny around valuations, pricing
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Australia’s corporate regulator has set up a specialized unit to engage with private markets over the next 12 months, amid persistent concerns about valuations in the sector.
Australian Securities and Investments Commission Chair Joe Longo said the regulator had made private markets a “top five priority” and is engaging with market participants to examine where improvements could be made.