ASIC has published the opening statement of Greg Medcraft, Chairman of the Australian Securities and Investments Commission (ASIC) to the Parliamentary Joint Committee on Corporations and Financial Services made on 14 August 2015. See Oversight of ASIC, the Takeovers Panel and the Corporations Legislation No.2 of the 44th Parliament for details of the PJC Inquiry.

The key messages for industry are the same as those which ASIC has been making recently in other releases, focusing on costs recovery of investigations and the culture of licensees.

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