CP 3 Managed investments: Change of responsible entity (effect on contracts)

Released 2 June 1999. Comment closed 19 July 1999.

ASIC invites comment from participants in the managed investments industry and other interested persons on its proposal to adopt a policy that it will modify the Law to clarify that when a new responsible entity of a registered managed investment scheme takes office, it is not bound by contracts that the former responsible entity entered with agents of the former responsible entity.

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Last updated: 02/06/1999 12:00