Australia; Report on the Observance of Standards and Codes (ROSC)â€”Summary Assessments

The main objective of the assessment was to analyze and observe the implementation of the International Organization of Securities Commissions (IOSCO) Principles in Australia. The various responsibilities of the Australian Securities and Investments Commission (ASIC) were highlighted and the flaws identified. It was noted that the ASIC underwent a major structural reorganization and modified its policies as a response to the initial IOSCO assessment conducted in 2006. The Australian legal and regulatory framework for securities markets largely corresponded with the principles of IOSCO.

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Year of publication:	2012-11-15
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Financial Sector Assessment Program \| Banks \| Basel Core Principles \| Bank supervision \| Insurance \| Insurance supervision \| Securities markets \| Securities regulations \| Reports on the Observance of Standards and Codes \| Australia \| regulation \| regulatory framework \| rules \| regulations \| legislation \| regulatory requirements \| legal framework \| regulatory impact \| regulatory initiatives \| enforcement powers \| legislative power \| foreign regulators \| regulatory reform \| alternative dispute resolution \| legislative changes \| legal authority \| regulation impact statement \| federal court \| regulatory regime \| international organization \| regulatory impact statement \| statutory authorities \| internal control \| international standards \| regulatory cooperation \| regulatory approach \| statutory authority \| regulatory priorities \| inspection programs \| regulatory guides \| assessment results \| approach to compliance \| risk analysis \| criminal prosecution \| management frameworks \| legal systems \| regulation act \| case-by-case basis \| business regulation \| effective regulation \| procedural requirements \| legal obligation \| set of rules \| professional organizations \| impact analysis \| criminal proceedings \| regulatory impact analysis \| inspection program \| technical matters

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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 12/307 6 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011242567