What is ASIC?

The Australian Securities and Investment Commissions (ASIC) is the regulatory body in Australia. The Australian Securities & Investments Commission (ASIC) is Australia’s version of an independent regulatory agency for overseeing activities of companies dealing in financial services. The ASIC was introduced in 1998, but the initial concept of a regulatory organization took root in 1989 under the Australian Securities Commission Act. However, a full spectrum of responsibilities was assumed only during the later years, and the Australian Stock Exchange was brought under the ASIC regulation only in 2009.

ASIC’s Responsibilities

The Australian Securities and Investments Commission (ASIC) is one of the oldest and well-seasoned regulatory authorities in the world. With the full backing of the Australian Government and a well-established Western liberal democracy, ASIC offers a regulatory environment for Forex brokers that balances being business-friendly, but at the same time, enforces strict rules to protect investors.ASIC Regulated Forex Brokers are known for the strict compliance of procedures along with high reliability since the regulation protects and provides strong funds security along with a guarantee from the Australian banks.

Furthermore, the ASIC famous for its friendly consumer attitude, which offers a wide range of free online resources with information about financial markets and guidelines to consumers about investing, its pros, cons and much more of other support. The result of all is the growing number of companies that open their offices under the ASIC regulation, as well the increasing popularity among the traders to invest in firms regulated by Australia.