Australian regulator warns private funds not to resist new oversight powers

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Financial Times 6d ago

Australian regulator warns private funds not to resist new oversight powers - Financial Times

Quick Summary:

Longo said it would continue to take a tough line against banks, insurers, super funds and the “big end of town” if it discovered failures.“The market should operate freely — but we need to be aware of anything causing harm.

There has been a dearth of new listings on the Australian exchange in the past three years as most deal flow has been in the private market.

Asic has not historically regulated the private markets, but a recent surge in private deals has seen it become more active in requesting information related to those transactions.