Basic Information

Name: Australian Securities and Investments Commission ASIC

Abbreviation: ASIC

Website: http://www.asic.gov.au/

Agency presentation
Australian Securities and Investments Commission ASIC

The Australian Securities and Investments Commission (ASIC) is an independent agency of the Australian government. It was established on July 1, 1998 on the advice of Wallis Inquiry, and is responsible for overseeing companies in Australia. The role of ASIC is to implement financial services laws and regulate corporate behavior to protect Australian consumers, investors and creditors. The authority and scope of ASIC are determined by the Australian Securities and Investments Commission Act 2001.

ASIC is committed to safeguarding the reputation and health of the Australian economy in order to ensure fairness and transparency in the Australian financial market, and has received strong support from confident and professional investors and consumers. ASIC is a completely independent federal government agency that establishes and manages companies and enterprises, and supervises most of their operations in accordance with the law.

As a government department in Australia, the scope of jurisdiction of the Australian Securities and Investments Commission (ASIC) is quite extensive. It is mainly divided into three parts:

  1. As a consumer credit regulator, the Australian Securities and Investments Commission (ASIC) authorizes companies to engage in consumer credit activities (including banks, credit unions, financial institutions, etc.), and ensure the validity of licenses under relevant regulations, including consumer responsibilities . This is a clause in the 2009 National Consumer Credit Protection Act.
  2. As the market regulator, the Australian Securities and Investments Commission (ASIC) assesses how to effectively authorize the financial market and assesses the fair, orderly and transparent operation of the financial market in accordance with its legal obligations. On August 1, 2010, the Australian Securities and Investments Commission (ASIC) under the permission of the Australian government assumed the supervision of the normal operation of the market-licensed trading of stocks, derivatives and the domestic futures market.
  3. As a financial services regulator, the Australian Securities and Investments Commission (ASIC) permits and monitors financial services companies to ensure their effective, honest and fair operations. The business scope of these enterprises is pension insurance, funds, stocks, corporate securities, derivatives, and insurance services.

More information

Supervised company
ThinkMarkets, klimex, Direct FX, Markets Mikens, BMFN Bomei, Zhuode CHARTERPRIME, IC Markets, Wanzhi, KVB Kunlun International, ACY FX, Pepperstone, Pepperstone, Forex Jiasheng, FXCM, MBG (Aetos), XM

Regulatory characteristics
The Australian Securities and Investments Commission ASIC’s complete financial regulatory system and strict enforcement have been unanimously recognized by investors and regulatory counterparts from all over the world. It has always been recognized as the most stringent, sound, and most protective financial institution in the world. One of the regulatory systems.

Introduction to Regulators
The full English name of the Australian Securities and Investment Commission is Australian Securities and Investment Commission, or “ASIC” for short. The Australian Securities and Investments Commission ASIC was established in 2001 under the Australian Securities and Investments Commission Act (ASIC Act). This agency is an independent government department, and independently exercises regulatory functions on companies, investment activities, financial products and services in accordance with the law. The Australian Securities and Investments Commission is the regulator of the Australian banking, securities, and foreign exchange retail industries. With the promulgation of Australia’s “Securities and Investment Commission Act” in 2001, ASIC has since incorporated the retail foreign exchange market into the scope of daily supervision and supervised together with banking, securities, insurance and other financial industries, and has become an important part of Australia’s national financial system. Many well-known institutions engaged in financial transaction services in Australia provide services to Australian and even global investors under the strict supervision of ASIC, including AETOS Capital Group, Australian Securities Exchange (ASX), Bank of China Australia Branch (BOC), Commonwealth Bank of Australia (CBA), CityIndex Australia, FXCM Australia, etc.

Regulatory responsibilities
In financial operations, assist and protect retailers and customers to build confidence in the integrity of the Australian financial market. Promote international financial capital flows and international execution. Manage domestic and foreign global financial chaos. Improve the operational efficiency and service level of all ASIC stakeholders. Improve service and reduce costs through new technologies and processes

How to complain
Tel: 1300 300 630: within Australia; Client Contact Centre. + 61 3 5177 3988: from outside Australia. Fax: (03) 5177 3999. Write: Australian Securities and Investments Commission PO BOX 4000 Gippsland Mail Centre Victoria 3841 Email: feedback @asic.gov.au. Online: http://www.asic.gov.au/asic/asic.nsf/byheadline/FAQs+-+main+page? openDocument

How to check

First, how to query the financial business license number: 1. Log in to the official website of the Australian Financial Regulatory Association ASIC http://www.asic.gov.au/asic/asic.nsf 2. Select the professional registers (on the right of the page) Professional query) 3. There are two query methods, choose one: ①Enter the company name (ROCO) at Enter keyword(s); ②Enter the company supervision number (391441) after or. Select the first one in In, click Search 4, after entering the page, you can query the basic platform qualification information. Click on the symbol + at the bottom to query the specific business scope of the platform 5. Specific business scope:

Second, ACN / ABN (company code and business code) query 1, select Common registers (common query) 2, select Organisations & Business Names (organisations & business names) in Within 3. For: enter the code and click Go 4, in Open the page, you can query the basic information of the platform

How to regulate
The foreign exchange market is one of Australia’s most important financial trading markets, and the Australian Stock Exchange (ASX), the banking system, foreign exchange and other financial derivatives dealers are the most important regulatory scope of ASIC. According to the ASIC Act, any financial institution engaged in financial transactions in Australia must accept ASIC certification and apply for a financial service license (AFS Licence). The foreign exchange market is no exception. Financial institutions currently engaged in the foreign exchange market in Australia include banks, foreign exchange dealers, brokers, and foreign exchange information providers.