Alberta Securities Commission - ASC

DEFINITION of 'Alberta Securities Commission - ASC'

The provincial regulatory agency that is responsible for administering the province of Alberta's securities laws. Alberta securities commission objectives are to foster fair and efficient capital markets in Alberta, and to protect investors. The ASC, as it is commonly known, is a member of the Canadian Securities Administrators, the voluntary umbrella organization of Canada's provincial and territorial securities regulators.

BREAKING DOWN 'Alberta Securities Commission - ASC'

The ASC has two operational levels - ASC members and staff (which includes executive management). ASC members set policy and recommend changes to the Securities Act and regulations. Staff responsibilities include daily operations, as well as registration, prospectus review and exemption, and enforcement.


The ASC is a key organization in the Canadian securities industry, as the province of Alberta is one of the biggest producers of energy globally, while the city of Calgary is home to the head offices of numerous Canadian companies.




RELATED TERMS
  1. Energy Resources Conservation Board ...

    An agency of the government of Alberta responsible for the regulation ...
  2. North American Securities Administrators ...

    A voluntary organization, established in 1919, of securities ...
  3. Accounting Standards Committee ...

    A former organization under the Consultative Committee of Accountancy ...
  4. Canadian Securities Administrators ...

    A collective forum composed of all the provincial and territorial ...
  5. ASC X9

    A body established by the American National Standards Institute ...
  6. Alberta Investment Management Corporation ...

    A government-owned investment-management corporation headquartered ...
Related Articles
  1. Professionals

    The Best (And Worst) Provinces For Job Growth Right Now

    If you're unemployed and considering a move, the grass really is greener in these provinces.
  2. Investing

    Fundamentals Of How Canada Makes Its Money

    In terms of industry, Canada is best known for oil and gas production, but the second largest country in the world has quite the diversified economy.
  3. Stock Analysis

    The Alberta Bakken

    The next hot spot for energy plays in North America is the Alberta Bakken.
  4. Economics

    Do Falling Oil Prices Hurt the Canadian Economy?

    As Oil Goes, So Goes Canada. Or Does It?
  5. Stock Analysis

    Don't Forget The Southern Alberta Bakken

    Most attention is on the development of the Bakken formation in the Williston Basin, but investors shouldn't ignore the Southern Alberta Basin in Montana.
  6. Stock Analysis

    Which Canadian Oil Stocks Are The Best?

    Canada is a prime option when investing in oil companies and oil-related assets. Here are four long-term picks worth your attention.
  7. Stock Analysis

    Playing Athabasca's Multiple Suitors

    With oil prices once again on the rise, unconventional fuel plays begin to make economic sense. The vast Athabasca oil shale region of Alberta is one such play.
  8. Stock Analysis

    The 5 Biggest Canadian Oil Companies

    Obtain information about some of the largest and most successful major integrated oil corporations that are headquartered in Canada.
  9. Taxes

    Do Canadians Really Pay More Taxes Than Americans?

    We look at the difference in tax rates and services offered on both sides of the border.
  10. Savings

    Canadian Grants And Tax Credits Fund Education

    RESPs and other grants help parents save for post-secondary education for their children.
RELATED FAQS
  1. How does FINRA differ from the SEC?

    With all the financial organizations out there, knowing what they all do can be as complicated as knowing where to invest. ... Read Answer >>
  2. How does investing in the banking sector differ between the U.S. and Canada?

    Discover why some investors prefer Canadian to U.S. banks. Learn how trades of Canadian bank shares are executed in both ... Read Answer >>
  3. What's the difference between primary and secondary capital markets?

    Learn how in the primary capital market, securities are issued for the first time, while in the secondary market, investors ... Read Answer >>
  4. How are asset management firms regulated?

    Find out how the asset management industry is regulated and how those regulations fit within the broader scope of financial ... Read Answer >>
  5. Does working capital include marketable securities?

    Learn how marketable securities such as Treasury bills (T-bills) and commercial papers are part of current assets and the ... Read Answer >>
  6. How do I know if I am buying unregistered securities or stocks?

    All securities, including stocks, bonds and notes, must be registered with the Securities and Exchange Commission (SEC) before ... Read Answer >>
Hot Definitions
  1. Goldilocks Economy

    An economy that is not so hot that it causes inflation, and not so cold that it causes a recession. This term is used to ...
  2. White Squire

    Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in ...
  3. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
  4. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
  5. Quarter - Q1, Q2, Q3, Q4

    A three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends.
  6. Weighted Average Cost Of Capital - WACC

    Weighted average cost of capital (WACC) is a calculation of a firm's cost of capital in which each category of capital is ...
Trading Center