Australian Securities and Investments Commission

The Australian Securities and Investments Commission is Australia's corporate, markets, financial services and consumer credit regulator, established in 1991.

The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that regulates corporations, financial markets, financial services and consumer credit.^[1] It was established in 1991 as the Australian Securities Commission and renamed in 1998.^[2]

Mandate

ASIC licenses financial service providers, supervises the Australian Securities Exchange, enforces corporate disclosure and acts against misconduct in banking, insurance and superannuation. Australia's prudential regulation, by contrast, sits with APRA, and monetary policy with the Reserve Bank of Australia.^[1]

International counterparts

ASIC's markets role parallels the US Securities and Exchange Commission and the Israel Securities Authority.^[3]

Sources

[1] Australian Securities and Investments Commission — ASIC Primary source
Cited for: Regulates corporations, markets, financial services and consumer credit
[2] Australian Securities and Investments Commission — Wikipedia
Cited for: Established 1991 as the Australian Securities Commission; renamed 1998
[3] U.S. Securities and Exchange Commission — SEC Primary source
Cited for: Markets role parallels the US SEC and the Israel Securities Authority

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