On 22 May 2020,聽聽that it would regulate litigation funders under the Corporations Act. The聽regulations to implement this聽commenced on 24 July 2020.
From 22 August 2020, operators of litigation funding schemes will generally need to聽hold an AFS licence聽and each litigation funding scheme will need to be聽registered.
For more information, visit ASIC鈥檚 litigation funding information page.