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. Reserve Bank of Australia

    The Reserve Bank of Australia is Australia's central bank and ...
  2. AUD (Australian Dollar)

    The currency abbreviation for the Australian dollar (AUD), the ...
  3. Bitcoin Mining

    Bitcoin mining is the process by which transactions are verified ...
  4. Australian Future Fund

    A sovereign wealth fund established by the government of Australia. ...
  5. NAB Business Confidence Index

    A key measure of business confidence in Australia, published ...
  6. Investment Company Act Of 1940

    Created in 1940 through an act of Congress, this piece of legislation ...
Related Articles
  1. ETFs & Mutual Funds

    3 Australian Mutual Funds to Avoid

    Learn about several catalysts that may have a negative effect on the Australian economy. Discover three mutual funds to avoid in 2016.
  2. ETFs & Mutual Funds

    The Top 3 ETFs For Investing in Australia

    Learn about some of the best performing exchange-traded funds that investors use to obtain exposure to stock investments in Australia.
  3. Trading

    Growth in Australia? 3 Thoughts from PIMCO

    Learn how Australia avoided recession after the global financial crisis. Discover PIMCO's thoughts on Australia's growth in 2016 and beyond.
  4. Trading

    The Australian Dollar: What Every Forex Trader Needs To Know

    With its unique relationship to the Japanese yen, the AUD is an important currency for FX traders.
  5. Markets

    Why Hedge Funds Are Shorting Australian Banks (CMWAY, WBK)

    Discover why hedge funds are shorting Australian banks, including key themes such as an overheated property market, bad debts and declining earnings.
  6. Retirement

    Retire In Australia With $200,000 Of Savings?

    Maybe. Thanks to a strong U.S. dollar, Australia has become more affordable, at least for Americans.
  7. ETFs & Mutual Funds

    3 Best Dividend-Paying Australia Equity ETFs (EWA, QAUS)

    Take a look at three ETFs in the category of Australian equities that offer the highest dividend yields available for ETFs focused on the Australian market.
  8. ETFs & Mutual Funds

    3 Best High-Yielding Australia Bond ETFs (AUNZ, BOND.AX)

    Discover detailed analyses of the top three high-yielding Australian bond ETFs, and learn about their yields, duration and characteristics.
  9. ETFs & Mutual Funds

    The 3 Largest US-traded Australia ETFs

    Australia’s appeal as an investment destination for prospective investors is incessant. ETFs are undoubtedly an interesting investment option to consider.
  10. Markets

    Australia Monthly Consumer Confidence index Hits 7-month low

    A report compiled by the Westpac-Melbourne Institute says the monthly consumer sentiment index fell by 4% from 99.06 in March to 95.1 in April.
RELATED FAQS
  1. What impact does government regulation have on the financial services sector?

    Learn about how the financial services industry is affected by government regulation, and the different types of regulations ... Read Answer >>
  2. What is required to establish a fiduciary relationship between a financial advisor ...

  3. Why are financial markets considered to be transparent?

    Understand the efficient market hypothesis and how it relates to financial markets. Learn why financial markets are considered ... 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. What are key government regulations that affect investing in the banking sector?

    Discover how the global financial crisis of 2008 changed the face of banking in the United States and around the world by ... Read Answer >>
  6. How are investment banks regulated in the United States?

    Read about the extensive regulations placed on investment banks in the United States, beginning with the Glass-Steagall Act ... Read Answer >>
Hot Definitions
  1. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  2. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
  3. After-Hours Trading - AHT

    Trading after regular trading hours on the major exchanges. The increasing popularity of electronic communication networks ...
  4. Omnibus Account

    An account between two futures merchants (brokers). It involves the transaction of individual accounts which are combined ...
  5. Weighted Average Life - WAL

    The average number of years for which each dollar of unpaid principal on a loan or mortgage remains outstanding. Once calculated, ...
  6. Real Rate Of Return

    The annual percentage return realized on an investment, which is adjusted for changes in prices due to inflation or other ...
Trading Center