Who is regulated by ASIC?
Who is regulated by ASIC?
ASIC regulates the conduct of Australian companies, financial markets, financial services organisations (including banks, life and general insurers and superannuation funds) and professionals who deal in and advise on investments, superannuation, insurance, deposit-taking and credit.
What does ASIC deal with?
The Australian Securities and Investments Commission (ASIC) regulates registered companies, financial markets, and providers of financial services and credit services.
What is an enforceable undertaking?
An enforceable undertaking is a legally binding agreement between us and the person who proposed the undertaking. The person is obliged to carry out the specific activities outlined in the undertaking. The activities may be substantial.
What is an ASIC report?
Reports describe ASIC compliance or relief activity or the results of a research project.
Is ASIC a prudential regulator like APRA?
While things are more nuanced and there is some overlap between various regulators, it’s simple to think of ASIC as the consumer and investor protection agency and APRA as being responsible for the licensing and prudential supervision of authorized deposit-taking institutions, life and general insurance companies, and …
How long is an ASIC valid for?
2 years
An ASIC is required to obtain unescorted access to the secure areas of security controlled airports that have regular public transport (RPT) services. ASICs are valid for up to 2 years.
Does ASIC have an email address?
You can email the form to [email protected].
What is an enforceable undertaking Australia?
An enforceable undertaking (EU) is a written agreement between us and someone who has not followed an Australian workplace law (for example, an employer).
Is an undertaking enforceable?
Undertakings are a legally binding promise which carry severe consequences if breached. You should only make an undertaking if you are certain that you are capable of adhering to the terms of the undertaking.
What is an example of an enforceable contract?
An example of an enforceable contract is when two or more people make an agreement or contractual obligation that allows one of the parties to lawfully force the other to do something. To be enforceable, a contract needs to have both an offer from one party and an acceptance from another party.
What is an ASIC key and a corporate key?
Your ASIC key is a unique number used in ASIC Connect that helps us establish your identity and protects your business information by making sure only you and those you have authorised can access it. What is a corporate key? A corporate key is an 8-digit number uniquely associated with a company’s ACN. Your company needs only one corporate key.
When did BCS stop being an enforceable undertaking?
An order was made revoking BCS’ licence on 17 December 2002 and the Enforceable Undertaking was withdrawn on 19 December 2002. Media releases issued in 2000 or earlier are no longer available on this website. Neil John White.
How do I search the list of enforceable undertakings?
Search the list below by date, or use the ‘Find on this page’ function in your internet browser to search the list of enforceable undertakings we have accepted from people and companies. Type Ctrl+F (Mac users type Apple+F), or choose ‘Find’ in the ‘Edit’ menu. Then enter the name of the person or company in the search box.
