International regulatory and enforcement cooperation

In all its activities ASIC works closely with a range of international organisations, foreign regulators and law enforcement agencies.

ASIC makes and receives international requests in relation to investigations, compliance and surveillance, policy research, delegations and licensing/due diligence and general referrals. The International team manages these operational requests on behalf of ASIC.

Many international organisations and foreign regulators make requests for assistance under international cooperation agreements including the IOSCO Multilateral Memorandum of Understanding (MMoU) and other bilateral Memorandums of Understanding (MOU).

Where authorised ASIC uses the Mutual Assistance In Business Regulation Act 1992 to exercise compulsory powers to obtain documents, information or testimony on behalf of foreign regulators.

IOSCO MMoU and EMMoU

ASIC is a signatory to the IOSCO Multilateral Memorandum of Understanding (MMoU) which sets an international benchmark for cooperation among securities regulators to combat cross-border fraud and market misconduct.

ASIC is also a signatory to the Enhanced Multilateral Memorandum of Understanding (EMMoU) which contains additional powers to safeguard market integrity and stability, further protecting investors from fraud and misconduct.

Bilateral MOUs and other international agreements

Auditor oversight cooperation agreements

These agreements recognise the need for mutual cooperation in the oversight of auditors in the relevant jurisdictions.