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

Financial statement analysis , Case Study based on Financial Statement Anal...

Case Study based on Financial Statement Analysis of Hatsun Agro Private Limited 800x600 Normal 0 false false false EN-IN X-NONE X-NONE

Downside risk of convertible bonds, When the underlying stock becomes...

When the underlying stock becomes worthless, the percentage price declines the investors experience is given by, Percentage of Downside Risk=

Corporate bonds, Corporate bonds are debt securities issued by privat...

Corporate bonds are debt securities issued by private and public corporations. These bonds are issued to meet specific requirements like building a new plant, pur

Business have a positive accounting profit, Can a business have a positive ...

Can a business have a positive accounting profit and a negative economic profit? Please explain.

Defien contractual savings institutions, Contractual savings institutions ...

Contractual savings institutions Contractual savings institutions obtain funds at periodic intervals on a contractual basis. The industry is classified into two main groups ins

What is exit strategy, Exit strategy Venture capitalists and other fina...

Exit strategy Venture capitalists and other financiers will negotiate an exit strategy at the point of advancing the money. The exit strategy will involve them realising their

Leverage, What is the importance of leverage in business management of a sm...

What is the importance of leverage in business management of a small scale company

Please help me solve this question, there are 3 compaies i have to find out...

there are 3 compaies i have to find out the price of equity share by using walters and gordons model.

Explain factoring and term loan financing, A factoring company has offered ...

A factoring company has offered a one-year agreement with Glub Ltd to both manage its debtors and advanced 80 per cent of the value of all its invoices immediately a sale is invoi

What is deposit method, Q. What is Deposit Method? Deposit Method - Rel...

Q. What is Deposit Method? Deposit Method - Related to sales of real estate, under this method seller doesn't recognize any profits, doesn't record a note RECEIVABLE and contin

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