Glossary definition: Australian Securities and Investments Commission (ASIC)

ASIC: Australia's Corporate Regulator

The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator. ASIC's role is to enforce and regulate Australia's corporate and financial services laws to protect consumers, investors and creditors. ASIC works to ensure that Australia's financial markets are fair, transparent and efficient. ASIC also administers the Australian Financial Services Licence (AFSL) system, which provides a framework for companies to offer financial services in Australia. ASIC also works to ensure that companies comply with their obligations under the Corporations Act 2001, including the disclosure of financial information and the regulation of financial products and services. ASIC also provides guidance to companies on their obligations and helps to protect investors and consumers from financial misconduct.