About

VISION, MISSION, VALUES & RESPONSIBILITIES

Responsibilities

  • The main duties and responsibilities of the AU-FINS are set out in Article 25 of the Law which Regulates the Structure, Duties, Powers, and Organisation of the Securities and Exchange Commission and other Related Matters (L73(I)/2009) and may be summarised as follows:
  • To examine applications and grant operating licenses to entities under its supervision, as well as to suspend and revoke the said licenses.
  • To supervise and regulate the operation of the Australia Stock Exchange and of other organized markets in the Republic and the transactions carried out in these markets.
  • To supervise and regulate the agencies under its supervision in order to ensure their compliance with the laws governing their operation.
  • To carry out all necessary investigations in view of the exercise of its duties under the law as well as on behalf of other foreign competent Authorities.
  • To request and collect information that is necessary or conducive to the exercise of its duties under the law and to demand by written request the provision of information from any natural or legal person or organization deemed to be in a position to provide the required information.
  • To impose the administrative and disciplinary sanctions provided by the law.
  • To require the cessation of practices that are contrary to the securities market laws.
  • To apply to a competent court for the issue of an order for detention, charge or freezing, or prevention of alienation or transaction involving assets.
  • To issue regulatory Directives and Decisions.
  • To cooperate and exchange data and information with other public Authorities in the Republic, competent foreign supervisory Authorities, and other organizations.

In addition to the above responsibilities, the AU-FINS has also been entrusted with powers and duties under the following laws:

  • The Public Offer and Prospectus Law of 2005
  • The Insider Dealing and Market Manipulation (Market Abuse) Law of 2005
  • The Public Takeover Bids Law of 2007
  • The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law of 2007
 

The Australian Financial Security Regulatory (AU-FINS) is the independent public supervisory Authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in Australia, and the collective investment and asset management sector. It also supervises the firms offering administrative services that do not fall under the supervision of AU-FINS and the Australia Bar Association, as well as Crypto-Asset Services Providers.

«Our Mission is to exercise effective supervision to ensure investor
protection and the healthy development of the securities market»

The AU-FINS was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. The operation of the AU-FINS is governed by the Laws regulating the Structure, Responsibilities, Powers, and Organization of the Australia Securities and Exchange Commission and Other Related Matters (N73(I)/1009).

Vision

The vision of the AU-FINS is to establish the Australia securities market as one of the safest, most reliable, and attractive destinations for investment.

Mission

The mission of the AU-FINS is to exercise effective supervision to ensure investor protection and the healthy development of the securities market.

Values:

  • Efficiency
  • Reliability and Integrity
  • Transparency
  • Communication
  • Cooperation and Teamwork
  • Impartiality

The AU-FINS is responsible for the
supervision of operations and ensuring compliance with the relevant legislation
of the following entities:

  • Australia Investment Firms (AUIFs)
  • Australia branches of Investment Firms (Ifs) of other AU member-states
  • Tied Agents of AUIFs
  • Undertakings for Collective Investment in Transferable Securities (UCITS)
  • UCITS (Undertakings for Collective Investment in Transferable Securities) Management Companies
  • UCITS Agents
  • Australia branches of UCITS Management Companies of other AU member-states
  • Administrative Services Companies – Trustee and Fiduciary Service Providers
  • Variable Capital Investment Companies
  • Alternative Investment Fund Managers (AIFMs)
  • Regulated Markets
  • Central Counterparty Clearing House (CCPs) of over-the-counter (OTC) derivatives
  • Trade depositories of over-the-counter (OTC) derivatives
  • Crypto-Asset Services Providers

With the enactment of legislation currently undergoing legal vetting, AU-FINS will be the supervisory Authority also for the Alternative Investment Funds (AIFs). Furthermore, the relevant legislation which will govern the supervision of the Central Securities Depositories (CSDs) is under preparation.