On September 22nd, 198 1, CFTC accepted NFA and officially became a registered futures association. 1October 22nd, 1982, 10, NFA officially started operation. The Financial Services Agency (FSA) in the UK was reorganized from the Securities and Investment Committee (SIB organization) established in 1997 10/0. As an independent non-governmental organization, it plans to become a unified regulator of the British financial market and directly exercise its statutory duties.
The Financial Services Authority (FSA) of the United Kingdom is an independent non-governmental organization, which is endowed with statutory powers under the Financial Services and Markets Act. We are a company limited by guarantee, which is financed by the financial services industry. We are a financial services industry with limited guarantee and financing. The board of directors formulates our overall policy, but the daily decision-making and staff management are the responsibilities of the executive Committee. The overall policy formulated by the board of directors, but the daily decision-making of the executive Committee and the fundamental responsibility of the management personnel.
●65438+ The first stage of reform was completed in1June 1998, and the banking supervision function was transferred from the Bank of England to the FSA.
● In June 2000, the Royal Family approved the Financial Services and Markets Act 2000, which will be implemented on 200 1. At that time, the responsibilities of the Securities and Futures Authority, the investment management supervision organization, the individual investment authority, the building society committee, the friendly societies committee and the friendly societies registry will be merged into the Financial Services Authority. Australian Securities Investment Committee. Australian Securities Investment Committee ASIC was established on 200 1 according to the Australian Securities Investment Committee Act (ASIC Act). This institution is an independent government department, which independently exercises the supervision function on companies, investment behaviors and financial products and services according to law. The Australian Securities Investment Committee is the regulatory body of Australia's banking, securities and foreign exchange retail industries. With the promulgation of the 200 1 Australian Securities and Investment Commission Act, ASIC has since brought the retail foreign exchange trading market into the scope of daily supervision, and jointly supervised with the banking, securities, insurance and other financial industries, becoming an important part of Australia's national financial system.
The basic function of asic is to maintain market integrity and protect consumer rights. Market integrity refers to preventing market manipulation, fraud and unfair competition, and protecting market participants from financial fraud and other improper acts, thereby enhancing investors' confidence in the financial market, maintaining the stability of the financial market and protecting consumers' rights and interests. It is embodied in ensuring the integrity and fairness of companies, securities and options markets through full and timely disclosure of market information, and ensuring that small and medium-sized investors can obtain sufficient and accurate information. When investors' rights and interests are treated unfairly and suffer losses, they can get compensation through appropriate channels.
ASIC's perfect financial supervision system and strict law enforcement have been unanimously recognized by global investors and supervision peers, and it has always been recognized as one of the strictest, soundest and most protective financial supervision systems in the world.