From www.claytonutz.com: ASIC has released a discussion paper highlighting its increasing regulatory focus on private markets while acknowledging the importance of public markets for economic health.

Key concerns include the lack of transparency in private capital, potential conflicts of interest, and the need for consistent valuation methodologies as private markets grow rapidly.

ASIC seeks feedback on regulatory approaches by April 28, 2025, to ensure effective capital raising and stability within Australia’s capital markets.