Australian Securities And Investments Commission - ASIC

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

BREAKING DOWN '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. Superannuation

    An organizational pension program created by a company for the ...
  6. Investment Advisor

    As defined by the Investment Advisors Act of 1940, any person ...
Related Articles
  1. Professionals

    Consider A Career As A Financial Communications Professional

    Regulators, sales people and clients all look to communications professionals to help them navigate the markets.
  2. Investing Basics

    The Importance Of Corporate Transparency

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

    6 Risks International Stocks Face in 2016

    Learn about risk factors that can influence your investment in foreign stocks and funds, and what regions are more at-risk than others.
  7. Investing

    3 Things About International Investing and Currency

    As world monetary policy continues to diverge rocking bottom on interest rates while the Fed raises them, expect currencies to continue their bumpy ride.
  8. Investing News

    Tufts Economists: TPP Will Reduce U.S. GDP

    According to economists at Tufts University, the TPP agreement will destroy half a million jobs in the U.S. by 2025.
  9. Economics

    Governments Ask Tech Giants to Join War on ISIS

    In the US and Israel, governments have asked their respective nations' tech industries to help in the war against ISIS.
  10. Economics

    4 Ways China Influences Global Economics

    Learn the four ways China's economy can influence the global economy. The recent decline in Chinese stock markets should be the least of your worries.
RELATED FAQS
  1. Is Australia a developed country?

    Australia is one of the most developed countries in the world. The nation's per capita gross domestic product (GDP), one ... Read Full Answer >>
  2. How do mutual funds work in India?

    Mutual funds in India work in much the same way as mutual funds in the United States. Like their American counterparts, Indian ... Read Full Answer >>
  3. 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 >>
  4. 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 >>
  5. 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 >>
  6. 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 >>
Hot Definitions
  1. Super Bowl Indicator

    An indicator based on the belief that a Super Bowl win for a team from the old AFL (AFC division) foretells a decline in ...
  2. Flight To Quality

    The action of investors moving their capital away from riskier investments to the safest possible investment vehicles. This ...
  3. Discouraged Worker

    A person who is eligible for employment and is able to work, but is currently unemployed and has not attempted to find employment ...
  4. Ponzimonium

    After Bernard Madoff's $65 billion Ponzi scheme was revealed, many new (smaller-scale) Ponzi schemers became exposed. Ponzimonium ...
  5. Quarterly Earnings Report

    A quarterly filing made by public companies to report their performance. Included in earnings reports are items such as net ...
Trading Center