IMF Staff Country Reports

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

November 21, 2012

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International Monetary Fund. "Australia: IOSCO Objectives and Principles of Securities Regulation—Detailed Assessment of Implementation", IMF Staff Country Reports 2012, 314 (2012), accessed 12/6/2025, https://doi.org/10.5089/9781475563412.002

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Summary

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.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Auditing, Crime, Financial institutions, Financial services, Hedge funds, Public financial management (PFM), Securities

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

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