Every August, the Australian Securities and Investments Commission publishes a corporate plan. On the surface it is a compliance document, required under the Public Governance, Performance and Accountability Act 2013.
Almost five years on from the commencement of the Design and Distribution Obligations (DDO) in October 2021, the expectations around how Fund Issuers oversee their distributors have moved on considerably.
Artificial Intelligence (AI) has rapidly evolved from experimental use cases such as document summarisation and basic automation to being embedded across critical processes within Australian financial services via agents and automation of key activities and tasks.
