Which one of the followings is not the responsibility of ASIC?

Question

BlackTom AI · Accepted Answer

Question restatement: Which one of the followings is not the responsibility of ASIC?

Option a: Streamlining the disclosure requirements for IPOs to make it quicker and easier for companies to lodge prospectus documents. In practice, ASIC is involved in regulating disclosures and corporate conduct, and while streamlining processes might be pursued through regulatory policy, this option describes a general procedural simplification rather than a core regulatory responsibility. The statement is plausible as something ASIC could influence, but it is not fundamentally defining ASIC’s primary mandate.

Option b: licensing and monitoring financial markets and advisors. This aligns closely with ASIC’s core mission: licensing participants, supervising market conduct, and ensuring integrity and compliance in financial services. This option accurately describes a primary responsibility of ASIC.

Option c: Imposing home loan lending restriction on Australian commercial banks for the purpose to reduce credit risk. This is more characteristic of prudential regulation typically issued by APRA (Australian Prudential Regulation Authority) in relation to banks’ capital, liquidity, and lending standards. ASIC does not set lending restrictions for banks as its remit is broader on disclosure, market integrity, and consumer protection rather than prudential banking requirements.

Option d: None of these. This would imply that all the above are responsibilities of ASIC, which contradicts option c, as explained.

Summary of reasoning: Option b accurately reflects a core ASIC duty, while option c describes a prudential regulatory action more associated with APRA rather than ASIC. Option a discusses regulatory process improvements that could be relevant to ASIC’s work but does not constitute a definitive core responsibility, and option d is incorrect because option c is not an ASIC responsibility. Overall, the choice that does not fit ASIC’s responsibilities is option c.

Which one of the followings is not the responsibility of ASIC?单项选择题

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