Which of the following statements about the Australian Prudential Regulation Authority is NOT correct:

Select one:

A.It enforces the Corporations Law to promote honesty and fairness in companies and markets

B.It oversees banks, credit unions, building societies, general insurance and reinsurance companies, life insurance, friendly societies and some superannuation funds.

C.It oversees Authorised Deposit-taking Institutions

D.It concerns itself with the financial stability of, and competition in, the financial system.