Posted By Steve On Friday, October 16th, 2009 With 0 Comments

Regulatory Bodies
Australian Securities and Investment Commission (ASIC): enforces company and financial services laws to protect consumers, investors and creditors. ASIC is an independent Australian government body that has regulated financial markets, securities, futures and corporations since January 1991. It is responsible for consumer protection in superannuation, insurance, deposit taking and credit as it reports to the Commonwealth Parliament, the Treasurer and the Parliamentary Secretary to the Treasurer.

Australian Prudential Regulation Authority (APRA): is the prudential regulator of the Australian financial services industry, overseeing banks, credit unions, building societies, general insurance and reinsurance companies, life insurance, friendly societies, and most members of the superannuation industry. APRA is funded largely by the industries that it supervises.

ASX Markets Supervision Pty Ltd (ASXMS)
ASXMS has the primary function within the Australian Securities
Exchange Group (ASX Group) of supervising the ASX Group’s
equities and futures markets and clearing and settlement
(CS) facilities. It does this by monitoring the conduct of listed
entities, and market and CS facility users, for compliance with
ASX Group’s Operating Rules (Rules), and also by enforcing
these Rules. Almost all supervisory decisions related to the
monitoring of compliance and the enforcement of the Rules are
made within ASXMS.

The ASX, futures exchange and clearing houses are self-regulated organizations, but ultimately come under the auspices of ASIC.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

All Rights Reserved WIld Wild Web Limited