Working of australian securities and investment commission, Financial Management

Assignment Help:

Working of ASIC

ASIC as an independent government body enforces and regulates company and financial services laws to protect consumers, investors and creditors. It keeps the public informed of these matters through media releases and its annual report.

ASIC administers the regulatory system of consumer protection for the following products:

  • deposit-taking activities for example, transactions or savings accounts,
  • general insurance,
  • life insurance,
  • Superannuation,
  • retirement savings accounts,
  • managed investments.
  • securities (ie., shares and debentures),
  • derivatives (ie., futures contracts),
  • foreign exchange contracts, and
  • credit.

Consumer protection regulation for these products includes:

  • requirements about the information that must be disclosed to consumers about these products;
  • general prohibition against misleading or deceptive conduct and other unfair practices;
  • licensing of people who give advice on or are dealing in financial products;
  • requirements for conduct of financial services providers; and
  • approval of alternative dispute schemes and industry codes.

 


Related Discussions:- Working of australian securities and investment commission

Explain the factors that are responsible for recent surge, What factors are...

What factors are responsible for the recent surge in international portfolio investment (IPI)? Answer:  The recent surge in international portfolio investments denotes the global

Explain the factors affecting the choice of a minimum cash, Explain the fac...

Explain the factors affecting the choice of a minimum cash balance amount. The minimum cash balance amount is defined by how easy it is to raise funds when required, how expected

Working capital financing plan for company implementation, What is the most...

What is the most conservative type of working capital financing plan a company could implement?  Explain. An all equity capital structure would be the mainly conservative type

Gordon`s dividend capitalisation model , Considering the following informat...

Considering the following information, what is the price of the share as per Gordon’s Model? Details of the Company Net sales Rs.120 lakhs Net profit margin 12.5% Outstandin

Calculate the average interest rate , At the end of 1922, your great grandf...

At the end of 1922, your great grandfather (g.g.f.) established a trust fund to be used in order to help a later generation of the family obtain a university education. The ultimat

Cost of capital, ABC Ltd. Produces electronic components with a selling pri...

ABC Ltd. Produces electronic components with a selling price per of Rs.100. Fixed cost amount to Rs.2,00,000/- 5000 units are produced and sold each year. Annual profits amount to

Cash books, Cash Books (Cash Payments and Receipts Journals) Cash books...

Cash Books (Cash Payments and Receipts Journals) Cash books are the names given to the Cash Receipts Journal and the Cash Payments Journal. They are used to record the flow of

Why do we focus on cash flows instead of profits, Why do we focus on cash f...

Why do we focus on cash flows instead of profits when evaluating proposed capital budgeting projects? We focus on cash flows at the place of profits when evaluating proposed ca

Opportunity worth today, Assume that you can receive $25,000 per year forev...

Assume that you can receive $25,000 per year forever and that your cost of money is 7%.  What is this opportunity worth today?

Show the transaction risk, Q. Show the Transaction risk? This is the ri...

Q. Show the Transaction risk? This is the risk occur on short-term foreign currency transactions that the actual income or cost may be different from the income or cost expecte

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd