IC Markets regulation is fully authorized and regulated by the ASIC, operating in strict compliance with the regulatory requirements of the ASIC. IC Markets has in place internal risk management controls that comply with the ASIC regulatory requirements and has a robust compliance program in place to ensure compliance with all applicable laws and regulations, including those related to anti-money laundering, sanctions, export control, and other international trade or economic sanctions.
The financial risks are managed through strict capital adequacy requirements, liquidity coverage ratios and provisioning policies. Operational risks are mitigated by conducting regular stress tests to ensure that the business can withstand adverse economic conditions and maintain adequate levels of capital adequacy, liquidity and profitability even in these conditions.
The external audits supplement IC Markets regulation operational and accounting process and ensure full regulatory compliance.
Regulation of IC Markets by the ASIC
The ASIC is the Australian Securities and Investments Commission, and it was established in 1991 to regulate the financial markets. ICMarkets are regulated by the ASIC.
The ASIC regulates the IC Markets to ensure that they are meeting the standards of running a business.
The ASIC is in charge IC Markets Regulation. It ensures that they are meeting the standards of running a business and that they are not scamming their customers. The ASIC also has a team dedicated to monitoring all of the markets for potential risks and vulnerabilities.
In order to be regulated, they have to meet certain requirements. These include:
-The operator must be authorised or recognised by the ASIC.
-The products that can be traded must be approved by the ASIC.
-The operator must have appropriate arrangements in place for protecting client assets.
Segregation of Client Funds
All client funds are held in segregated accounts with top tier banking institutions. This means that if a client is trading on icmarkets, the money they deposit will be held in a segregated account at one of the top tier banks.
This segregation is important for two reasons: it means that funds are safe from any losses incurred by other clients, and it means that funds cannot be used to cover any losses incurred by ic markets themselves.
In accordance with the Anti-Money Laundering and Counter Terrorism Financial Act 2006, IC Markets Global has in place a robust AML and CTF compliance framework.
This framework is designed to facilitate compliance with all applicable regulatory obligations, including with respect to the prevention of money laundering and terrorist financing.
The Anti-Money Laundering and Counter Terrorism Financial Act 2006, IC Markets Global is in compliance with the ASIC.
In order to be compliant with the new regulations, IC Markets Global has put in place a number of measures.
– The establishment of a new Anti-Money Laundering Compliance Department.
– The appointment of an Anti-Money Laundering Compliance Officer.
– The adoption of a formal AML Compliance Policy.
– Ensuring that all employees are trained on the AML Compliance Policy.
IC Markets Regulation License
IC Markets is a regulated company and holds a Securities Dealer Licence No 335692 and is authorised to carry on a financial services business.
The ASIC has a list of rules that these firms need to follow in order to be regulated. These rules are called “regulatory requirements” or “standards”. They include things like how firms treat their customers, how they manage their money and how they report their performance to investors.
IC Markets is regulated by one of the strictest financial authorities in the world. As a globally trusted brokerage, the clients can be assured that their funds are secure and held in segregated trust accounts. Get peace of mind with IC Markets regulation.
Trade Responsibly: Derivative products are highly leveraged, carry a high level of risk and are not suitable for all investors.