Definition of 'Australian Securities And Investments Commission - ASIC'
The regulator of Australia's markets and financial services. The ASIC ensures that Australia's financial markets are fair and transparent.
The ASIC is an independent Commonwealth Government body established by the Australian Securities and Investments Commission Act (ASIC ACT). The ASIC Act requires the ASIC to:
Maintain, facilitate and improve the financial system's performance
Promote confident and informed investor participation
Administer and enforce the law effectively and efficiently
Process and store information efficiently and quickly
Make information regarding companies and other bodies public in a timely manner
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