ASIC issues catalogue of key legal obligations for private credit funds

On 9 December 2025, the Australian Securities and Investments Commission issued a catalogue summarising key legal obligations and regulatory guidance to help private credit fund operators more easily identify and comply with existing regulatory obligations. The catalogue is not intended to be a substitute for legal advice and does not include all applicable legal and regulatory obligations.

ASIC also states that it intends to refresh regulatory guidance in 2026-2027 to consider private credit surveillance findings, reflect current risks and apply clearer guidance for wholesale funds.