RG 192 Licensing: Wholesale equity schemes
Issued 4 September 2018
This is a guide for trustees and managers of wholesale equity schemes and their advisers. It is particularly relevant to venture capital and private equity schemes.
This guide explains the licensing relief we have given in ASIC Corporations (Wholesale Equity Scheme Trustees) Instrument 2017/849. The relief is for trustees of wholesale equity schemes that are operated by a manager holding an Australian financial services (AFS) licence under Ch 7 of the Corporations Act 2001 (Corporations Act). This guide also explains amendments to financial requirements that may apply to these managers, made by ASIC Corporations (Amendment and Repeal) Instrument 2017/848.