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. Investment Advisor

    As defined by the Investment Advisors Act of 1940, any person ...
  5. Securities And Exchange Commission ...

    A government commission created by Congress to regulate the securities ...
  6. Superannuation

    An organizational pension program created by a company for the ...
Related Articles
  1. The Importance Of Corporate Transparency
    Investing Basics

    The Importance Of Corporate Transparency

  2. Wall Street Writers: A Behind-The-Scenes ...
    Professionals

    Wall Street Writers: A Behind-The-Scenes ...

  3. The Pitfalls Of Financial Regulation
    Economics

    The Pitfalls Of Financial Regulation

  4. When Financial Regulators Let You Down
    Personal Finance

    When Financial Regulators Let You Down

comments powered by Disqus
Hot Definitions
  1. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  2. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
  3. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
  4. Harvest Strategy

    A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by ...
  5. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  6. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
Trading Center