The full English name is Australian Securities and Investment Commission, abbreviated as “ASIC”. The said agency is an independent Government department, and exercises regulatory functions pursuant to laws to invest in companies, financial products and services independently.
Australian Securities and Investment Commission is the regulator for Australian banks, securities, FX retail industries. Subsequent to 2001 introduction of the Australian Securities and Investments Commission Act, ASIC since included the retail FX market into its day-to-day supervision, together with the banks, securities, insurance and other financial sectors, and became an important part of Australia’s national financial system.
Many well-known institutions that engaged in financial transactions services in Australia, are all under the strict supervision of ASIC in providing services for the Australian and global investors, including AETOS Capital Group, ASC Australian Stock Exchange, BOC Bank of China Australian branch, CBA Commonwealth Bank of Australia, CityIndex Australia, FXCM Australia etc.
Characteristics of the Regulatory Agency
Australian Securities and Investments Commission ASIC’s sound financial regulatory system and strict enforcement, is recognized by international investors and regulatory counterparts, and recognized as one of the world’s most stringent, most robust and most capable in protecting the interests of investors in the financial regulatory system.
In financial operations, they assist and protect the retailers to establish confidence of clients in the integrity of Australia’s financial markets, and to promote international financial capital flows and international implementation, manage the domestic and foreign global financial chaos. To improve operational efficiency and service levels related to interest of ASIC, provide high services through new technologies and reduce costs.
ONE FX holds the most authoritative license in the world that was issued by the Australian Securities and Investment Commission (ASIC) :
Financial License number: 336880