REP 44 Market assessment report: ICAP Europe Limited
Released July 2005.
Section 794C of the Corporations Act requires the Australian Securities & Investments Commission (ASIC) to assess how well a licensed market operator is complying with its obligations as the holder of a market licence and, in particular, whether a market operator has adequate arrangements for supervising the market it operates. This is our first assessment of IEL, covering the 12-month period to December 2004.