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general obligationsrisk management systemsregulatory enforcement
ASIC v FIIG Securities Limited
[2026] FCA 92
Key Principle
An Australian financial services licensee's failure to maintain adequate cybersecurity contravenes its general obligations under s 912A of the Corporations Act 2001 (Cth), including the duties to act efficiently, honestly and fairly, to have adequate resources, and to have adequate risk-management systems.
Area of Law
General
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