Australia; IOSCO Objectives and Principles of Securities Regulationâ€”Detailed Assessment of Implementation

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 Commissionâ€™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.

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Year of publication:	2012-11-21
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Securities regulations \| Securities markets \| Securities legislation \| Reports on the Observance of Standards and Codes \| Financial Sector Assessment Program \| Australia \| regulation \| rules \| regulatory framework \| regulatory impact \| regulations \| legislation \| statutory obligations \| regulatory functions \| regulatory system \| enforcement powers \| regulatory impact statement \| regulatory cooperation \| regulatory actions \| professional standards \| legal authority \| impact analysis \| regulatory guides \| regulatory impact analysis \| regulatory requirements \| inspection programs \| international organization \| regulatory responses \| international standards \| compliance program \| foreign regulators \| regulatory priorities \| code of conduct \| regulatory processes \| regulatory objectives \| enforcement mechanism \| statutory requirement \| professional bodies \| statutory authorities \| legal framework \| public interest \| approach to compliance \| legislative power \| regulation act \| enforcement mechanisms \| set of rules \| effective regulation \| legal obligation \| business regulation \| technical matters \| regulatory responsibility \| consultation process \| legislative change \| procedural requirements \| public information

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 12/314 15 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011243682