Australia: IOSCO Objectives and Principles of Securities Regulation—Detailed Assessment of Implementation

International Monetary Fund

No 2012/314, IMF Staff Country Reports from International Monetary Fund

Abstract: The Australian legal and regulatory framework for securities markets exhibits a high level of compliance with the International Organization of Securities Commissions (IOSCO) Principles. A few remaining concerns need to be resolved, including some identified in the 2006 assessment. Australian Securities and Investments Commission’s (ASIC) operational independence and sufficiency of resources are overarching concerns which impair its ability to discharge its supervisory functions adequately and effectively across the entire regulated population.

Keywords: ISCR; CR; AFSL holder; financial market; capital requirement; market participant; short position; pty ltd; market operator; market intermediary; insider trading; hedge fund; integrity rule; public company; ASIC staff; conduct ASIC; Securities; Anti-money laundering and combating the financing of terrorism (AML/CFT); Auditing; Hedge funds; Global; Australia and New Zealand; stakeholder team; IOSCO principle; investment scheme; investments commission (search for similar items in EconPapers)
Pages: 153
Date: 2012-11-21
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