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25-225MR ASIC acts against ESG investment fund responsible entity alleging governance failures and misleading conduct
ASIC commenced civil penalty proceedings against Fiducian Investment Management Services Limited (FIMSL) for alleged governance failures and misleading conduct regarding ESG claims in its Diversified Social Aspirations Fund. ASIC alleges FIMSL failed to ensure investments aligned with its Product Disclosure Statement and did not have adequate ESG monitoring processes.
Australian Securities and Investments Commission
Date Added
24 April 2026 at 12:09:50
Why it matters
This is ASIC's fourth greenwashing civil penalty action and the first targeting a responsible entity for governance and compliance failures related to ESG representations.
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