Australian Securities And Investments Commission - ASIC

AAA

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:

  1. Maintain, facilitate and improve the financial system's performance
  2. Promote confident and informed investor participation
  3. Administer and enforce the law effectively and efficiently
  4. Process and store information efficiently and quickly
  5. Make information regarding companies and other bodies public in a timely manner

INVESTOPEDIA EXPLAINS 'Australian Securities And Investments Commission - ASIC'

The Australian Securities and Investments Commission falls under the responsibilities of the Parliamentary Secretary to the Treasurer. The ASIC regulates Australian companies, financial markets, financial services organizations and professionals who deal and/or advise in insurance, superannuation, investments, deposit taking and credit. ASIC service centers are located in all of Australia's capital cities.

RELATED TERMS
  1. Financial System

    A financial system can be defined at the global, regional or ...
  2. Reserve Bank of Australia

    The Reserve Bank of Australia is Australia's central bank and ...
  3. Bank For International Settlements ...

    An international organization fostering the cooperation of central ...
  4. Securities And Exchange Commission ...

    A government commission created by Congress to regulate the securities ...
  5. Investment Advisor

    As defined by the Investment Advisors Act of 1940, any person ...
  6. Superannuation

    An organizational pension program created by a company for the ...
RELATED FAQS
  1. What kinds of costs are included in Free on Board (FOB) shipping?

    Free on board (FOB) shipping is a trade term published by the International Chamber of Commerce or ICC, that indicates which ... Read Full Answer >>
  2. What are the differences between B-shares and H-shares traded on Chinese stock exchanges?

    Equity listings in China generally fall under three primary categories: A shares, B shares and H shares. B shares represent ... Read Full Answer >>
  3. What are the differences between H-shares and A-shares on Chinese and Hong Kong stock ...

    Publicly trade companies in China generally fall under three share categories: A shares, B shares and H-shares. A-shares ... Read Full Answer >>
  4. Why are financial markets considered to be transparent?

    Financial markets are considered transparent due to the fact it is believed all relevant information is freely available ... Read Full Answer >>
  5. What risks does a Foreign Institutional Investor (FII) face?

    The term "foreign institutional investor" (FII) normally refers to large, non-Indian companies investing in Indian financial ... Read Full Answer >>
  6. How does a Foreign Institutional Investor (FII) manage currency risk when investing ...

    A foreign institutional investor (FII) manages currency risks (inflation and exchange rate risk) by using traditional tools ... Read Full Answer >>
Related Articles
  1. Investing Basics

    The Importance Of Corporate Transparency

    Clear and honest financial statements not only reflect value, they also help ensure it.
  2. Professionals

    Wall Street Writers: A Behind-The-Scenes Career

    Regulators, sales people and clients all look to communications professionals to help them navigate the markets.
  3. Economics

    The Pitfalls Of Financial Regulation

    Regulatory actions usually have lofty intentions that end up with unintended and negative consequences.
  4. Personal Finance

    When Financial Regulators Let You Down

    Although financial industry regulations are tightening up, under past rules financial regulators have failed those they're tasked with protecting.
  5. Options & Futures

    Financial Regulators: Who They Are And What They Do

    Find out how these government agencies govern the financial markets.
  6. Economics

    The Most Likely Outcome For Greece

    After more than five years of a Greek drama, most of us have become fatigued with hearing about Greece’s debt problems, the one issue that won’t go away.
  7. Retirement

    How To Set Up A Trust Fund In Australia

    No, they're not just for the super-rich. But you need to know the rules.
  8. Personal Finance

    How To Budget Your Trip To Australia

    Australia is expensive to reach from almost everywhere, so plan carefully so you can do all the exploring you've dreamed about.
  9. Economics

    How Gloomy Headlines Support Eurozone Stocks

    It's hard to miss the many headlines on Europe lately with news ranging from Greece’s debt saga to the details of ongoing European Central Bank stimulus.
  10. Investing

    One Step Closer To Normal

    The global interest rate environment is changing. Last week, bond yields in the U.S., U.K., Europe, Japan, Australia and New Zealand all hit new highs.

You May Also Like

Hot Definitions
  1. National Currency

    The currency or legal tender issued by a nation's central bank or monetary authority. The national currency of a nation is ...
  2. Treasury Yield

    The return on investment, expressed as a percentage, on the debt obligations of the U.S. government. Treasuries are considered ...
  3. Bund

    A bond issued by Germany's federal government, or the German word for "bond." Bunds are the German equivalent of U.S. Treasury ...
  4. European Central Bank - ECB

    The central bank responsible for the monetary system of the European Union (EU) and the euro currency. The bank was formed ...
  5. Quantitative Easing

    An unconventional monetary policy in which a central bank purchases private sector financial assets in order to lower interest ...
  6. Current Account Deficit

    A measurement of a country’s trade in which the value of goods and services it imports exceeds the value of goods and services ...
Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!