The ASIC is responsible for overseeing the actThe
International Financial Services Commission (IFSC) is the
Belize government agency responsible for financial
regulation. It is responsible for regulating all financial
market participants, exchanges and the setting and enforcing
of financial regulations. A number of international online
forex brokers obtain their international license from
IFSC.
IFSC was established in Belize in 1999. The
aim of the Commission is licensing of financial companies,
as well as controlling and supervision of all regulated
firms to bind all international financial services
requirements to their activity. IFSC is regulated by the
Ministry of Belize Securities and International Financial
Services Commission Act. IFSC functions on a special Code of
conduct, which is aimed to increase considerably the level
of services provided by the licensed company under the
International Financial Services Commission.ivities of a
wide range of industries ranging from insurance companies,
corporate governance, securities and investments, fund
management, credit organizations, and other financial
services. ASIC regulated brokers are now considered to be
one of the best in the industry due to the advanced
regulatory oversight and several reforms that enabled ASIC
to become a highly preferred regulatory agency. In its
latest avatar, the ASIC is responsible for regulating the
Australian Stock Exchange and acts as an independent
regulatory organization for all market participants,
including brokers as well as investors.
ASIC is one of the oldest regulators in the market, having
started off its journey as the Australian Securities
Commission (ASC) in 1989. Over the years, the agency
witnessed a host of changes in the way they operate by
adding multiple industries under its regulatory oversight
and was renamed as the Australian Securities and Investments
Commission in 1998.
The ASIC is responsible for
overseeing the activities of a wide range of industries
ranging from insurance companies, corporate governance,
securities and investments, fund management, credit
organizations, and other financial services. ASIC regulated
brokers are now considered to be one of the best in the
industry due to the advanced regulatory oversight and
several reforms that enabled ASIC to become a highly
preferred regulatory agency. In its latest avatar, the ASIC
is responsible for regulating the Australian Stock Exchange
and acts as an independent regulatory organization for all
market participants, including brokers as well as
investors.
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