The markets watchdog will suspend its enhanced on-site supervisory work and other activities that are not “time-critical” as it focuses on the challenges from the coronavirus pandemic.
The Australian Securities and Investments Commission said it was “committed to working constructively and pragmatically” with the firms it regulated, and was “mindful they may encounter difficulties in complying with their regulatory obligations due to the impact of COVID-19.”
In a separate statement, prudential regulator APRA said it had suspended the majority of its planned policy and supervision initiatives in response to the rapidly spreading infectious disease.
AAP
Be the first to comment