Our main objective is to promote and facilitate the development of fair, efficient and transparent financial markets. As a risk-based regulator, our resources are focused on conduct that we think poses the most significant risk to achieving this objective.
We are committed to being outward-looking in our engagement with market participants and ensure they clearly understand their responsibilities, what our role is, and how we exercise our functions and powers.
We will continue to publicise enforcement action against those active in the financial markets unless there is policy, legal or other compelling reasons not to. This approach is intended to maximise the visible deterrence of enforcement activity, and to educate market participants about the behaviour and standards we expect of those operating in our jurisdiction.
30. We have a statutory responsibility to review the law and practices related to providing financial products and services. Among other things, this may require us to test the boundaries of the law for the overall benefit of all market participants. Accordingly, we may take ‘grey area’ cases in order to provide clarity to the market.
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