Regulatory Alerts2012-06-29 | RG-054RG 54 Principles for cross-border financial regulation
The Australian Securities and Investments Commission issued this guide to outline its approach to recognizing overseas regulatory regimes for cross-border financial regulation. It explains the Commission's role in regulating financial facilities, services, and products across borders. The document details the principles used to assess whether to unilaterally recognize or apply mutual recognition arrangements for overseas regimes to provide regulatory relief.
Issued 29 June 2012
This guide sets out ASIC’s approach to recognising overseas regulatory regimes for the purpose of facilitating cross-border financial regulation.
It explains our role in regulating financial facilities, services and products across borders, in particular, the principles we use to assess whether to recognise an overseas regulatory regime unilaterally or under a mutual recognition arrangement for the provision of some form of regulatory relief.
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