Surprising ASIC statistics

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The 2011-2012 ASIC Annual Report contains some fascinating statistics. Great for a work trivia session. ASIC monitors 176 authorised deposit-takers and an incredible 6,004 credit providers. There are 24 investment banks, 220 hedge fund managers, 44 retail OTC derivative providers and 25 credit rating agencies and research houses. Plus 230 super fund trustees (excluding SMSFs), 589 responsible entities, 4,289 registered managed investment schemes and 680 custodial service providers. It’s clearly not all fun and games. ASIC also reports receiving and assessing 12,454 reports of misconduct and 1,344 breach reports. That’s a lot of licence holders facing compliance issues, and they need to ensure their responses cover the factors listed in section 912D of the Corporations Act 2001.

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