The Australian Securities and Investments Commission (ASIC) is the regulatory body responsible for overseeing financial markets and companies in Australia. Its main role is to protect investors and maintain the integrity of the financial system by enforcing laws related to corporate governance, financial services, and consumer protection. ASIC also regulates financial products and services, ensuring that companies comply with legal requirements. It provides guidance to businesses and consumers, helping them make informed decisions. By promoting transparency and accountability, ASIC aims to foster trust in the financial sector and support economic stability in Australia.