Funds management

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Latest developments

This section contains:

Remade legislative instruments: Unit pricing discretions and equal treatment (September 2023) 

Three remade class orders relating to:

ASIC Corporations (Discretions for Setting the Issue Price and Withdrawal Price of Interests in Managed Investment Schemes) Instrument 2023/693

ASIC Corporations (Amendment and Repeal) Instrument 2023/694

ASIC Corporations (Equality of Treatment Impacting on the Acquisition of Scheme Interests and CCIV Shares) Instrument 2023/697

ASIC Corporations (Repeal) Instrument 2023/698

The remade instruments replace existing relief that was due to sunset on 1 October 2023.

Repealed:

Amended:

  • ASIC Corporations (Managed investment product consideration) Instrument 2015/847
  • ASIC Corporations (Definition of Approved Foreign Market) Instrument 2017/669

Related information

ASIC remakes three ‘sunsetting’ class orders for managed funds (23-254MR)

ASIC consults on remaking ‘sunsetting’ class orders on unit pricing discretions for managed investment schemes (23-154MR)

CP 368 Remaking ASIC class orders: [CO 13/519] and [CO 13/656]

Remade legislative instruments: Financial requirements and platforms (September 2023)

Four remade legislative instruments and updated guidance regarding the financial resource requirements that apply to some categories of Australian financial services licensees and platforms. The remade instruments replace existing relief that was due to sunset.

RG 166 AFS licensing: Financial requirements (reissued)

REP 769 Response to submissions on CP 367 Remaking ASIC class orders on financial requirements

ASIC Corporations (Financial Requirements for Responsible Entities, IDPS Operators and Corporate Directors of Retail CCIVs) Instrument 2023/647

ASIC Corporations (Financial Requirements for Custodial or Depository Service Providers) Instrument 2023/648

ASIC Corporations (Amendment and Repeal) Instrument 2023/649

ASIC Corporations (Investor Directed Portfolio Services Provided Through a Registered Managed Investment Scheme) Instrument 2023/668

ASIC Corporations (Investor Directed Portfolio Services) Instrument 2023/669

ASIC Corporations (Amendment and Repeal) Instrument 2023/670

Repealed:

  • [SCO 13/760] Financial requirements for responsible entities and operators of investor directed portfolio services
  • [SCO 13/761] Financial requirements for custodial or depository service providers
  • [SCO 13/762] Investor directed portfolio services provided through a registered managed investment scheme
  • [SCO 13/763] Investor directed portfolio services
  • ASIC Corporations (Financial Requirements for Corporate Directors of Retail Corporate Collective Investment Vehicles) Instrument 2022/449

Amended: 

  • ASIC Corporations (IDPS—Relevant Interests) Instrument 2015/1067
  • ASIC Corporations (Managed Discretionary Account Services) Instrument 2016/968
  • ASIC Corporations (Nominee and Custody Services) Instrument 2016/1156
  • ASIC Corporations (Financial Requirements for CSF Intermediaries) Instrument 2017/339
  • ASIC Corporations (Definition of Approved Foreign Market) Instrument 2017/669
  • ASIC Corporations (Wholesale Equity Scheme Trustees) Instrument 2017/849
  • ASIC (Fees—Complexity Criteria) Instrument 2018/578
  • ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547
  • ASIC Corporations (Foreign Financial Services Providers—Foreign AFS Licensees) Instrument 2020/198
  • ASIC Corporations (Hardship Withdrawals Relief) Instrument 2020/778
  • ASIC Corporations (Shorter PDS and Delivery of Accessible Financial Products Disclosure by Platform Operators and Superannuation Trustees) Instrument 2022/497
  • ASIC Corporations (Financial Requirements for Issuers of Retail OTC Derivatives) Instrument 2022/705

Related information

ASIC issues new legislative instruments for financial resource requirements and platforms (23-247MR)

ASIC consults on ‘sunsetting’ class orders about financial requirements (23-048MR)

CP 367 Remaking ASIC class orders on financial requirements: [CO 13/760], [CO 13/761] and ASIC Instrument 2022/449

ASIC consults on remaking ‘sunsetting’ class orders on IDPS and IDPS-like schemes (23-082MR)

CP 369 Remaking ASIC class orders on platforms: [CO 13/762] and [CO 13/763]

Remade legislative instruments: Takeovers, compulsory acquisitions and relevant interests (September 2023)

Seven remade legislative instruments relating to takeovers, compulsory acquisitions and relevant interests replacing existing relief that was due to sunset on 1 October 2023.

ASIC Corporations (Changing the Responsible Entity) Instrument 2023/681

ASIC Corporations (Takeover Bids) Instrument 2023/683

ASIC Corporations (Compulsory Acquisitions and Buyouts) Instrument 2023/684

ASIC Corporations (Bidder Giving Substantial Holding Notice) Instrument 2023/685

ASIC Corporations (On-Sale Disclosure Relief for Scrip Bids and Schemes of Arrangement) Instrument 2023/686

ASIC Corporations (Warrants: Relevant Interests and Associations) Instrument 2023/687

ASIC Corporations (Replacement Bidder’s and Target’s Statements) Instrument 2023/688

ASIC Corporations, Credit and Superannuation (Amendment and Repeal) Instrument 2023/699

Report 773 Response to submissions on CP 365 Remaking ASIC class orders on takeovers, compulsory acquisitions and relevant interests (REP 773) details the submissions received in response to Consultation Paper 365 Remaking ASIC class orders on takeovers, compulsory acquisitions and relevant interests (CP 365).

Amended:

  • ASIC Corporations (Managed Discretionary Account Services) Instrument 2016/968
  • ASIC Corporations (Relevant interests, ASIC and ASIC Chairperson) Instrument 2023/194

Repealed:

  • Class Order [CO 13/519] Changing the responsible entity
  • Class Order [CO 13/520] Relevant interests, voting power and exceptions to the general prohibition
  • Class Order [CO 13/521] Takeover bids
  • Class Order [CO 13/522] Compulsory acquisitions and buyouts
  • Class Order [CO 13/524] Bidder giving substantial holding notice
  • Class Order [CO 13/525] On-sale disclosure relief for scrip bids and schemes of arrangement
  • Class Order [CO 13/526] Warrants: Relevant interests and associations
  • Class Order [CO 13/528] Changes to a bidder's statement between lodgement and dispatch
  • Class Order [CO 13/898] Representative proceedings and proof of debt arrangements funded by conditional costs agreements
  • Class Order [CO 14/1252] Technical modifications to Schedule 10 of the Corporations Regulations
  • ASIC Credit (Repeal) Instrument 2016/1087
  • ASIC Superannuation (RSE Websites) Instrument 2017/570
  • ASIC Corporations (Repeal and Transitional—Relief for Providers of Retirement Estimates) Instrument 2022/204

Withdrawn: Regulatory Guide 252 Keeping superannuation websites up to date (RG 252).

Related information

ASIC remakes sunsetting legislative instruments on takeovers, compulsory acquisitions and relevant interests (23-263MR) 

2018 to 2023

18-222MR ASIC updates guidance for funds management industry (see REP 582, CP 296 and submissions; and 17-358MR (July 2018)

19-195MR ASIC implements pause on admission of managed funds with internal market makers (July 2019)

20-192MR ASIC manages transition to new regulatory regime for litigation funding schemes (August 2020)

20-321MR ASIC releases updated regulatory guide on time-sharing schemes: see Time-sharing schemes below (December 2020)

20-325MR ASIC highlights focus areas for 31 December 2020 financial reports under COVID-19 conditions (December 2020)

REP 686 Review of competition in the Australian funds management industry (March 2021)

21-091MR ASIC review finds retail managed funds responded well to COVID-19 challenges in 2020

21-168MR ASIC consults on guidance and relief for litigation funding schemes (July 2021)

21-258MR Report on competition in the Australian funds management industry released: see REP 702 Competition in funds management and Terms of Reference (PDF 157 KB) (September 2021)

ASIC releases findings from review of responsible entity governance: see Governance of responsible entities (PPT 245KB) (Article - January 2022)

22-050MR ASIC consults on financial services licensing requirements for corporate collective investment vehicles: see CP 360 and draft regulatory guides (March 2022)

22-061MR ASIC scrutinises marketing of managed fund performance and risks (March 2022)

22-070MR ASIC extends relief for business introduction services (March 2022)

22-093MR ASIC extends relief from certain dollar disclosures in PDSs for litigation funding schemes (April 2022)

22-141MR How to avoid greenwashing when offering or promoting sustainability-related products: see Product disclosure statement below (June 2022)

22-152MR ASIC releases new and updated guidance for corporate collective investment vehicles: see Corporate Collective Investment Vehicles below (June 2022)

22-267MR ASIC remakes business introduction services relief for managed investment schemes: see Business introduction services below (September 2022)

22-330MR Managed funds to improve marketing oversight following ASIC surveillance (November 2022)

23-247MR ASIC issues new legislative instruments for financial resource requirements and platforms: see Financial requirements and platforms (September 2023) above

23-254MR ASIC remakes three ‘sunsetting’ class orders for managed funds: see Unit pricing discretions and equal treatment (September 2023) above  

23-263MR ASIC remakes sunsetting legislative instruments on takeovers, compulsory acquisitions and relevant interests: see Takeovers, compulsory acquisitions and relevant interests (September 2023) above

Starting a fund

This section contains:

New ID requirement for directors

Company directors need to verify their identity as part of a new director identification number (director ID) requirement. A director ID is a unique identifier that a director will apply for once and keep forever. Find out more at our Director ID information page.

Registering a scheme

RG 131 Funds management: Establishing and registering a fund

RG 80 Managed investment schemes - interests not for money

RG 195 Group purchasing bodies for insurance and risk products

[CO 02/318] (PDF) The Society of Lloyd's

ASIC Corporations (Managed Investment Schemes: Interests Not For Money) Instrument 2016/1107

CO 02/779 Responsible entities holding futures brokers licences

ASIC Corporations (Group Purchasing Bodies) Instrument 2018/751

Related information

Home > For finance professionals > Fund operators > Establishing and registering a fund > How to register a managed investment scheme

Home > For finance professionals > AFS licensees > Applying for and managing an AFS licence

Home > Regulatory resources > Find a document > Reports > Licensing and professional registration applications

Responsible entity - financial services licence

RG 36 Licensing: Financial product advice and dealing

RG 87 Charitable investment schemes and school enrolment deposits

RG 104 Licensing: Meeting your general obligations

RG 105 Licensing: Organisational competence

RG 140 Serviced strata schemes

RG 166 AFS licensing: Financial requirements (see 23-247MR, REP 166, 23-048MR, CP 367, 23-082MR and CP 369)

RG 167 Licensing: Discretionary powers (see 19-129MR)

RG 181 Licensing: Managing conflicts of interest

RG 259 Risk management systems of responsible entities

INFO 240 AFS licensing – Requirements for certain applicants to provide further information (see 19-175MR)

INFO 251 AFS licensing requirement for trustees of unregistered managed investment schemes

ASIC Corporations (Licence Conditions—Treatment of Lease Assets) Instrument 2021/229 (see Regulatory index topic: AFS Licensing - Treatment of lease assets, 21-088MR, 20-322MR and CP 336)

ASIC Corporations (Financial Requirements for Responsible Entities, IDPS Operators and Corporate Directors of Retail CCIVs) Instrument 2023/647 (see 23-247MR, REP 166, 23-048MR, CP 367, 23-082MR and CP 369)

ASIC Corporations (Financial Requirements for Custodial or Depository Service Providers) Instrument 2023/648 (see 23-247MR, REP 166, 23-048MR, CP 367, 23-082MR and CP 369)

Related information

Regulatory index topic: Financial services: Getting an AFS licence

Scheme constitutions

RG 134 Managed investments: Constitutions (see 18-222MR)

RG 137 Constitution requirements for schemes registered before 1 October 2013 (see 18-222MR)

REP 347 Response to submissions on CP 188 Managed investments: Constitutions—Updates to RG 134

ASIC Corporations (Managed investment product consideration) Instrument 2015/847

ASIC Corporations (Attribution Managed Investment Trusts) Instrument 2016/489

ASIC Corporations (Changing Scheme Constitutions) Instrument 2019/700 (see 19-200MR, 19-252MR and CP 320)

ASIC Corporations (Chapter 5C—Miscellaneous Provisions) Instrument 2017/125

ASIC Corporations (Discretions for Setting the Issue Price and Withdrawal Price of Interests in Managed Investment Schemes) Instrument 2023/693

ASIC Corporations (Amendment and Repeal) Instrument 2023/694

ASIC Corporations (Equality of Treatment Impacting on the Acquisition of Scheme Interests and CCIV Shares) Instrument 2023/697

Compliance plans

RG 132 Managed investments: Compliance plans (see 18-222MR)

RG 133 Managed investments: Scheme property arrangements (see 18-222MR)

ASIC Corporations (Chapter 5C—Miscellaneous Provisions) Instrument 2017/125

Compliance committee

RG 132 Managed investments: Compliance plans (see 18-222MR)

RG 136 Managed investments: Discretionary powers (see 18-222MR and 20-197MR)

ASIC Corporations (Chapter 5C—Miscellaneous Provisions) Instrument 2017/125

Scheme property

RG 133 Managed investments: Scheme property arrangements (see 18-222MR)

RG 144 Mortgage investment schemes

RG 160 Time-sharing schemes

RG 166 Licensing: Financial requirements

REP 376 Response to submissions on CP 197: Holding scheme property and other assets

Audit of the compliance plan

RG 132 Managed investments: Compliance plans (see 18-222MR)

Corporate collective investment vehicles

See Corporate collective investment vehicles below

Australian passport fund

RG 131 Funds management: Establishing and registering a fund

RG 132 Funds management: Compliance and oversight (see 18-222MR)

RG 181 Licensing: Managing Conflicts of interest

RG 259 Risk management systems of responsible entities

Related information

Home > For finance professionals > Fund operators > Establishing and registering a fund > How to register as an Australian passport fund

Foreign passport fund

RG 138 Foreign passport funds (see 18-222MR)

Asia Region Funds Passport regime

RG 131 Funds management: Establishing and registering a fund

RG 132 Funds management: Compliance and oversight (see 18-222MR)

RG 133 Funds management and custodial services: Holding assets (see 18-222MR)

RG 134 Funds management: Constitutions (see 18-222MR)

RG 136 Funds management: Discretionary powers (see 18-222MR and 20-197MR)

RG 138 Foreign passport funds (see 18-222MR)

Related information

Home > For finance professionals > fund operators > Establishing and registering a fund > How to become a notified foreign passport fund

Running a fund

This section contains:

Overview

RG 132 Funds management: Compliance and oversight (see 18-222MR)

RG 136 Managed investments: Discretionary powers and closely related schemes (see 18-222MR and 20-197MR)

Applications to invest

RG 127 Additional investments in managed investment schemes

ASIC Corporations (Top-up Product Disclosure Statements Relief) 2016/1054

ASIC Corporations (Application Form Requirements) Instrument 2017/241

Attribution managed investment trust status

ASIC Corporations (Attribution Managed Investment Trusts) Instrument 2016/489

Audit of the financial report

RG 34 Auditors’ obligations: reporting to ASIC

RG 115 Audit relief for proprietary companies

RG 187 Auditor rotation

INFO 64 Resignation and removal of auditors of registered schemes or compliance plans

Business introduction services

ASIC Corporations (Business Introduction Services) Instrument 2022/805 (see 22-267MR)

RG 129 Business introduction and matching services

Background

22-070MR ASIC extends relief for business introduction services

Changing the responsible entity

RG 171 Anomalies and issues in the takeover provisions

ASIC Corporations (Changing the Responsible Entity) Instrument 2023/681 

Constitutions

ASIC Corporations (Changing Scheme Constitutions) Instrument 2019/700 (see 19-200MR, CP 320 and 19-252MR)

Background

Regulatory index topic: Funds management - Starting a scheme: Scheme constitutions

Continuous disclosure

RG 95 Disclosing entity provisions relief

Related information

Regulatory index topic: Australian companies: Running a company - Continuous disclosure

Dispute resolution

Regulatory index topic: Financial services - Ongoing licensee obligations - Dispute resolution

Fees

RG 97 Disclosing fees and costs in PDSs and periodic statements

Background

20-167MR ASIC releases minor updates to RG 97

ASIC Corporations (Disclosure of Fees and Costs) Instrument 2019/1070

REP 638 Consumer testing of the fees and costs tools for superannuation and managed investment schemes (see 19-328MR)

REP 637 Response to submissions on CP 308 Review of Regulatory Guide 97 (see 19-002MR and 19-328MR)

REP 636 Compliance with the fee disclosure statement and renewal notice obligations (see 19-325MR)

REP 581 Review of ASIC Regulatory Guide 97: Disclosing fees and costs in PDSs and periodic statements (see 17-369MR and 18-217MR)

18-372MR ASIC extends transition period for elements of fees and costs disclosure (see CO 14/1252)

CO 13/1200 Periodic statements relief for AQUA quoted and listed managed investment scheme manager

REP 398 Fee and cost disclosure: Superannuation and managed investment products

Financial reporting

RG 68 New financial reporting and procedural requirements

ASIC Corporations (Uncontactable Members) Instrument 2016/187

ASIC Corporations (Related Scheme Reports) Instrument 2015/839

ASIC Corporations (Exempt Proprietary Companies) Instrument 2015/840

ASIC Corporations (Non-Reporting Entities) Instrument 2015/841

ASIC Corporations (Post Balance Date Reporting) Instrument 2015/842

ASIC Corporations (Rounding in Financial/Directors’ Reports) Instrument 2016/191

ASIC Corporations (Financial Requirements for Responsible Entities, IDPS Operators and Corporate Directors of Retail CCIVs) Instrument 2023/647 (see 23-247MR, REP 166, 23-048MR, CP 367, 23-082MR and CP 369)

ASIC Corporations (Financial Requirements for Custodial or Depository Service Providers) Instrument 2023/648 (see 23-247MR, REP 166, 23-048MR, CP 367, 23-082MR and CP 369)

Background

Regulatory index topic: Financial reporting

Frozen funds and hardship payments

20-197MR ASIC grants industry-wide relief to help members of frozen funds make hardship withdrawals

INFO 159 Your investment: Frozen funds and hardship payments

ASIC (Hardship Withdrawals Relief) Instrument 2020/778

RG 136 Funds management: Discretionary powers

Background

Regulatory index topic: Fundraising

Hawking and advertising

RG 38 The hawking prohibitions (see 19-335MR)

RG 234 Advertising financial products and services (including credit): Good practice guidance

ASIC Corporations (Exposure Period) Instrument 2016/74

ASIC Corporations (Securities and Managed Investment Scheme Hawking Relief) Instrument 2017/184

INFO 271 How to avoid greenwashing when offering or promoting sustainability-related products (see 22-141MR)

Background

Regulatory index topic: Financial services: Hawking and advertising

Meetings

CO 99/840 (PDF) Transitional relief and quorum requirements

INFO 22 Company resolutions

Members withdrawal rights

RG 134 Managed investments: Constitutions (see 18-222MR)

RG 101 On-market buy-backs by ASX-listed schemes

ASIC Corporations (ASX-listed Schemes On-market Buy-backs) Instrument 2016/1159

Product disclosure statement

RG 97 Disclosing fees and costs in PDSs and periodic statements

REP 16 Disclosure of fees and charges in managed investments, review of current Australian requirements and options for reform (Ramsay report)

REP 22 A review of the research on the past performance of managed funds

REP 398 Fee and cost disclosure: Superannuation and managed investment products

REP 581 Review of ASIC Regulatory Guide 97: Disclosing fees and costs in PDSs and periodic statements

INFO 155 Shorter PDSs -Complying with requirements for superannuation products and simple managed investment schemes

INFO 271 How to avoid greenwashing when offering or promoting sustainability-related products (see 22-141MR)

Background

Regulatory index topic: Financial services: Product disclosure - Product disclosure statements

Relevant interests and substantial holding notices

ASIC remakes sunsetting legislative instruments on takeovers, compulsory acquisitions and relevant interests (23-263MR) see Remade sunsetting legislative instruments above (September 2023)

RG 5 Relevant interests and substantial holding notices (see 20-198MR, REP 667; and CP 328 and submissions)

RG 254 Offering securities under a disclosure document (see 20-198MR)

ASIC Corporations (IPO Communications) Instrument 2020/722

Responsible entity's duties

RG 104 Licensing: Meeting the general obligations

RG 127 Additional investments in managed investment schemes

RG 132 Funds management: Compliance and oversight (see 18-222MR)

RG 133 Funds management and custodial services: Holding assets (see 18-222MR)

RG 140 Serviced strata schemes

RG 160 Time-sharing schemes

RG 190 Offering securities in New Zealand and Australia under mutual recognition

RG 181 Licensing: Managing Conflicts of interest

RG 259 Risk management systems of responsible entities

REP 259 Response to submissions on CP 140 Responsible entities: Financial requirements

REP 298 Adequacy of risk management systems of responsible entities

REP 440 Financial benchmarks

REP 474 Culture, conduct and conflicts of interest in vertically integrated businesses in the funds-management industry

REP 528 Responsible entities’ compliance with obligations: Findings from 2016 proactive surveillance program

REP 555 Cyber resilience of firms in Australia’s financial markets

Related information

Regulatory index topic: Financial services: Ongoing licensee obligations

Background

Regulatory index topic: Takeovers and reconstructions

Related party transactions

RG 76 Related party transactions

RG 159 Takeovers, compulsory acquisitions and substantial holdings

Sale facilities

RG 161 Share and interest sale facilities

CO 13/721 Relief to facilitate quotation of exchange traded funds on the AQUA Market

CO 13/1200 Periodic statements relief for AQUA quoted and listed managed investment scheme manager

ASIC Corporations (Share and Interest Sale Facilities) Instrument 2018/99

19-348MR Outcomes of review into internal market making for quoted managed funds

19-349MR ASIC’s assessment of ASX Limited’s AQUA market

Takeovers and reorganisations

ASIC remakes sunsetting legislative instruments on takeovers, compulsory acquisitions and relevant interests (23-263MR) see Remade sunsetting legislative instruments above (September 2023)

Unit pricing

RG 94 Unit pricing: guide to good practice

RG 132 Managed investments: Compliance plans (see 18-222MR)

23-254MR ASIC remakes three ‘sunsetting’ class orders for managed funds (23-254MR): see Unit pricing discretions and equal treatment (September 2023) above  

ASIC Corporations (Discretions for Setting the Issue Price and Withdrawal Price of Interests in Managed Investment Schemes) Instrument 2023/693

Whistleblower policies

Related information

Home > About ASIC > ASIC investigations and enforcement > Whistleblowing

Regulatory index topic: Financial services - Ongoing licensee obligations - Whistleblower policies

Types of fund

This section contains:

Overview

RG 2 Preparing your AFS licence application (AFS Licensing Kit: Part 2)

REP 22 A review of the research on the past performance of managed funds

REP 582 Response to submissions on CP 296 Funds management

Agribusiness schemes

RG 232 Agribusiness managed investment schemes: Improving disclosure for retail investors

REP 273 Response to submissions on CP 133 Agribusiness schemes: Improving disclosure for retail investors

Asia Region Funds Passport

ASIC Corporations (Takeover Bids) Instrument 2023/683 (see 23-263MR)

ASIC Corporations (Equality of Treatment Impacting on the Acquisition of Scheme Interests and CCIV Shares) Instrument 2023/697 (see 23-254MR, 23-154MR and CP 368)

ASIC Corporations (Changing Scheme Constitutions) Instrument 2019/700

ASIC Corporations (Asia Region Funds Passport) Instrument 2019/75

ASIC Corporations (Wholesale Equity Scheme Trustees) Instrument 2017/849

ASIC Corporations (Disclosure Relief—Offers to Associates) Instrument 2017/737

ASIC Corporations (Application Form Requirements) Instrument 2017/241

ASIC Corporations (Managed Discretionary Account Services) Instrument 2016/968

ASIC Corporations (Uncontactable Members) Instrument 2016/187

ASIC Corporations (Sale Offers That Do Not Need Disclosure) Instrument 2016/80

ASIC Corporations (Externally-Administered Bodies) Instrument 2015/251

CO 14/1252 Technical modifications to Schedule 10 of the Corporations Regulations

CO 13/1410 Holding assets: Standards for providers of custodial and depository services

CO 12/749 Relief from the Shorter PDS regime

Related information

22-286MR Managed funds industry invited to provide feedback on the Asia Region Funds Passport

Australian passport fund

RG 131 Funds management: Establishing and registering a fund

RG 132 Funds management: Compliance and oversight (see 18-222MR)

RG 181 Licensing: Managing Conflicts of interest

RG 259 Risk management systems of responsible entities

Charitable and educational schemes

RG 56 Prospectuses

RG 87 Charitable Investment schemes and school enrolment deposits

RG 95 Disclosing entity provisions relief

ASIC Corporations (Charitable Investment Fundraising) Instrument 2016/813

ASIC Corporations (School Enrolment Deposits) Instrument 2016/812

Closely related schemes

RG 136 Funds management: Discretionary powers (see 18-222MR and 20-197MR)

Corporate collective investment vehicles

22-152MR ASIC releases new and updated guidance for corporate collective investment vehicles

INFO 272 How to register a corporate collective investment vehicle and sub-fund

ASIC Corporations (Financial Requirements for Responsible Entities, IDPS Operators and Corporate Directors of Retail CCIVs) Instrument 2023/647 (see 23-247MR, REP 166, 23-048MR, CP 367, 23-082MR and CP 369)

Related information

RG 131 Funds management: Establishing and registering a fund

RG 134 Funds management: Constitutions

RG 240 Hedge funds: Improving disclosure

RG 259 Risk management systems of fund operators

For finance professionals > Fund operators > How to register a corporate collective investment vehicle

Regulatory resources > Managed funds > Corporate collective investment vehicles

Background

CP 360 Corporate collective investment vehicles: Preparing for the commencement of the new regime (see 22-050MR)

Custodial and depository services

RG 133 Managed Investments: Scheme property arrangements

RG 149 Nominee and custody services

INFO 141 Dealing and providing a custodial or depository sevice as a secondary service

ASIC Corporations (Financial Requirements for Custodial or Depository Service Providers) Instrument 2023/648 (see 23-247MR, REP 166, 23-048MR, CP 367, 23-082MR and CP 369)

Direct real property schemes

RG 46 Unlisted property schemes - improving disclosure for retail investors

RG 77 Property trusts and property syndicates

ASIC Corporations (Property Rental Schemes) Instrument 2016/870

ASIC Corporations (Real Estate Companies) Instrument 2015/1049

Employee redundancy funds

ASIC Corporations (Employee Redundancy Funds Relief) Instrument 2015/1150 (see 18-285MR and 21-241MR)

Exchange traded funds

18-226MR ASIC’s review of exchange traded products identifies areas for improvement (see REP 583)

18-267MR ASIC provides regulatory approvals for a proposed new product and ETFs for the Chi-X market

19-349MR ASIC’s assessment of ASX Limited’s AQUA market (see REP 644)

Related information

INFO 230 Exchange traded products: Admission guidelines

CO 13/721 Relief to facilitate quotation of exchange traded funds on the AQUA Market

CO 13/1200 Periodic statements relief for AQUA quoted and listed managed investment scheme manager;

ASIC Corporations (Managed investment product consideration) Instrument 2015/847

ASIC Corporations (Division 3 Securities and Division 4 Financial Products) Instrument 2015/1030

ASIC Corporations (Short Selling) Instrument 2018/745

Film schemes

RG 19 Film Investment Schemes

ASIC Corporations (Managed Investment Schemes: Interests Not For Money) Instrument 2016/1107

REP 505 Response to submissions on CP 266 Remaking ASIC class orders on managed investment schemes: Not for money

Financial asset schemes

RG 133 Funds management and custodial services: Holding assets (see 18-222MR)

Foreign collective investment schemes

RG 178 Foreign collective investment schemes

SCO 00/184 Relief to facilitate offer of interests in registered schemes in New Zealand

ASIC Corporations (Repeal and Transitional) Instrument 2017/271

CO 08/506 Hong Kong collective investment schemes

REP 134 Enhancing capital flows into and out of Australia

INFO 93 Practical guidance for operators of foreign collective investment schemes seeking to offer in Australia

Foreign passport fund

RG 138 Foreign passport funds (see 18-222MR)

ASIC Corporations (Asia Region Funds Passport) Instrument 2019/75

Foreign providers of funds management services

Related information

Regulatory index topic: Other entities – Foreign financial services providers

Group purchasing bodies

ASIC Corporations (Group Purchasing Bodies) Instrument 2018/751 (see 18-272MR)

Hedge funds

RG 240 Hedge funds: Improving disclosure

REP 370 The Australian hedge funds sector and systemic risk

REP 439 Snapshot of the Australian hedge funds sector

Horse schemes

RG 91 Horse racing and breeding schemes

ASIC Corporations (Horse Schemes) Instrument 2016/790

REP 491 Response to submissions on CP 242 Remaking ASIC class orders on horse racing syndicates and horse breeding schemes

IDPS schemes and IDPS like schemes

RG 148 Investor directed portfolio services CO 00/5 Investor directed portfolio services - deregistration of registered managed investment schemes

ASIC Corporations (IDPS - Relevant Interests) Instrument 2015/1067

ASIC Corporations (Shorter PDS and Delivery of Accessible Financial Products Disclosure by Platform Operators and Superannuation Trustees) Instrument 2022/497 (see 22-142MR)

ASIC Corporations (Financial Requirements for Responsible Entities, IDPS Operators and Corporate Directors of Retail CCIVs) Instrument 2023/647 (see 23-247MR, REP 166, 23-048MR, CP 367, 23-082MR and CP 369)

ASIC Corporations (Investor Directed Portfolio Services Provided Through a Registered Managed Investment Scheme) Instrument 2023/668 (see 23-247MR, REP 166, 23-048MR, CP 367, 23-082MR and CP 369)

ASIC Corporations (Investor Directed Portfolio Services) Instrument 2023/669 (see 23-247MR, REP 166, 23-048MR, CP 367, 23-082MR and CP 369)

Background

SCO 02/294 Investor directed portfolio services (repealed)

SCO 02/296 Investor directed portfolio-like services provided through a registered managed investment scheme (repealed)

SCO 13/760 Financial requirements for responsible entities and operators of investor directed portfolio services (repealed)

SCO 13/762 Investor directed portfolio services provided through a registered managed investment scheme (repealed)

SCO 13/763 Investor directed portfolio services (repealed)

REP 351 Response to submissions on CP 176 Review of ASIC policy on platforms: Update to RG 148 (see 13-153MR)

REP 408 Review of the implementation of RG 148: Platforms that are managed investment schemes (see 14-232MR)

Related information

Regulatory resources > Managed funds > Platforms

Infrastructure entities

RG 231 Infrastructure entities: Improving disclosure for retail investors

REP 272 Response to CP 134 and CP 154 Infrastructure entities: Improving disclosure for retail investors

Initial coin offerings

INFO 225 Initial coin offerings

Litigation funding schemes

22-368MR ASIC amends relief for litigation funding arrangements

ASIC Credit (Litigation Funding—Exclusion) Instrument 2020/37

ASIC Corporations (Conditional Costs Schemes) Instrument 2020/38

Background

20-192MR ASIC manages transition to new regulatory regime for litigation funding schemes

21-028MR ASIC sets five-year sunset date for litigation funding legislative instrument

22-093MR ASIC extends relief from certain dollar disclosures in PDSs for litigation funding schemes

CP 345 Litigation funding schemes: Guidance and relief (see 21-168MR)

Managed discretionary accounts

18-292MR All managed discretionary account providers now required to be licensed

RG 127 Additional investments in managed investment schemes

RG 179 Managed discretionary account services

ASIC Corporations (Nominee and Custody Services) Instrument 2016/1156

ASIC Corporations (Managed Discretionary Accounts) Instrument 2016/968

REP 496 Response to submissions on CP 200 Managed discretionary accounts: Update to RG 179

Money market funds

REP 324 Money market funds

Mortgage schemes

RG 45 Mortgage schemes - improving disclosure for retail investors

RG 144 Mortgage investment schemes

ASIC Corporations (Mortgage Investment Schemes) Instrument 2017/857

Primary production schemes

REP 17 Compliance with advice and disclosure obligations: Report on primary production schemes

Background

Regulatory index topic: Funds Management: Types of schemes - Horse schemes

Serviced strata schemes and management rights schemes

RG 140 Serviced strata schemes

ASIC Corporations (Serviced apartment and like schemes) Instrument 2016/869

Share and interest purchase plans

19-233MR ASIC remakes ‘sunsetting’ class order facilitating the offer of share and interest purchase plans

Related information

RG 125 Share and interest purchase plans

REP 629 Response to submissions on CP 304 Remaking ASIC class order on share and interest purchase plans: [CO 09/425] (see CP 304 and submissions)

ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547 (see 20-075MR; 20-135MR and 20-220MR)

Time-sharing schemes

Background

20-321MR ASIC releases updated regulatory guide on time-sharing schemes

RG 160 Time-sharing schemes

ASIC Corporations (Disclosure of Fees and Costs) Instrument 2019/1070

ASIC Corporations (Time-sharing Schemes) Instrument 2017/272

CO 14/1252 Technical modifications to Schedule 10 of the Corporations Regulations

REP 522 Response to submissions on CP 272 Remaking ASIC class orders on time-sharing schemes

REP 642 Timeshare - consumers' experiences (see 19-339MR)

Related information

Home > Regulatory resources > Funds management > Time-sharing schemes

Trustee common funds

RG 32 Trustee companies common funds

RG 88 Trustee and nominee companies

RG 136 Managed investments: Discretionary powers (see 18-222MR and 20-197MR)

Wholesale equity schemes

RG 192 Licensing: Wholesale equity schemes (see 18-254MR)

Closing a fund

RG 148 Investor directed portfolio services

RG 174 Relief for externally administered companies and registered schemes being wound up

RG 32 Trustee companies common funds

INFO 25 Deregistering a company

Relief

This section contains:

Applying for relief

Relief applications now lodged through the ASIC Regulatory Portal

Related information

Overview

RG 21 How ASIC charges fees for relief applications

RG 51 Applications for relief

INFO 82 Apply for relief

REP 664 Overview of decisions on relief applications (October 2019 to March 2020): see 20-144MR

Regulatory Guides

 

RG 21 How ASIC charges fees for relief applications

RG 169 Disclosure: Discretionary powers

RG 192 Wholesale equity schemes: licensing relief for trustees (see 18-254MR)

RG 195 Group purchasing bodies for insurance and risk products

Related information

Regulatory index topic: Financial services - AFS licensing

Legislative instruments

CO 13/721 Relief to facilitate quotation of exchange traded funds on the AQUA Market

CO 13/1200 Periodic statements relief for AQUA quoted and listed managed investment scheme manager

CO 13/1410 Holding assets: Standards for providers of custodial and depository services

ASIC Corporations (Externally-Administered Bodies) Instrument 2015/251

ASIC Corporations (Related Scheme Reports) Instrument 2015/839

ASIC Corporations (Exempt Proprietary Companies) Instrument 2015/840

ASIC Corporations (Non-Reporting Entities) Instrument 2015/841

ASIC Corporations (Post Balance Date Reporting) Instrument 2015/842

ASIC Corporations (Managed investment product consideration) Instrument 2015/847 (see 23-254MR, 23-154MR and CP 368)

ASIC Corporations (Real Estate Companies) Instrument 2015/1049

ASIC Corporations (IDPS - Relevant Interests) Instrument 2015/1067 (see 23-247MR, REP 166, 23-048MR, CP 367, 23-082MR and CP 369)

ASIC Corporations (Managed Discretionary Account Services) Instrument 2016/968 (see 23-247MR, REP 166, 23-048MR, CP 367, 23-082MR and CP 369)

ASIC Corporations (Effect of Licensing Exemptions) Instrument 2015/1115

ASIC Corporations (Employee Redundancy Funds Relief) Instrument 2015/1150

ASIC Corporations (Exposure Period) Instrument 2016/74

ASIC Corporations (Sale Offers That Do Not Need Disclosure) Instrument 2016/80

ASIC Corporations (Uncontactable Members) Instrument 2016/187

ASIC Corporations (Rounding in Financial/Directors’ Reports) Instrument 2016/191

ASIC Corporations (Securitisation Special Purpose Vehicles) Instrument 2016/272

ASIC Corporations (Financial Product Advice – Exempt Documents) Instrument 2016/356

ASIC Corporations (Attribution Managed Investment Trusts) Instrument 2016/489

ASIC Corporations (Horse Schemes) Instrument 2016/790

ASIC Corporations (School Enrolment Deposits) Instrument 2016/812

ASIC Corporations (Charitable Investment Fundraising) Instrument 2016/813

ASIC Corporations (Serviced apartment and like schemes) Instrument 2016/869

ASIC Corporations (Property Rental Schemes) Instrument 2016/870

ASIC Corporations (Managed Discretionary Accounts) Instrument 2016/968 (see 23-263MR)

ASIC Corporations (Top-up Product Disclosure Statements Relief) 2016/1054

ASIC Corporations (Managed Investment Schemes: Interests Not For Money) Instrument 2016/1107

ASIC Corporations (Nominee and Custody Services) Instrument 2016/1156

ASIC Corporations (ASX-listed Schemes On-market Buy-backs) Instrument 2016/1159

ASIC Corporations (Chapter 5C—Miscellaneous Provisions) Instrument 2017/125

ASIC Corporations (Foreign Financial Services Providers—Limited Connection) Instrument 2017/182

ASIC Corporations (Securities and Managed Investment Scheme Hawking Relief) Instrument 2017/184

ASIC Corporations (Application Form Requirements) Instrument 2017/241

ASIC Corporations (Repeal and Transitional) Instrument 2017/271

ASIC Corporations (Time-sharing Schemes) Instrument 2017/272

ASIC Corporations (Definition of Approved Foreign Market) Instrument 2017/669 (see 23-254MR, 23-154MR and CP 368)

ASIC Corporations (Disclosure Relief—Offers to Associates) Instrument 2017/737

ASIC Corporations (Factoring Arrangements) Instrument 2017/794

ASIC Corporations (Wholesale Equity Scheme Trustees) Instrument 2017/849 (see 23-247MR, REP 166, 23-048MR, CP 367, 23-082MR and CP 369)

ASIC Corporations (Share and Interest Sale Facilities) Instrument 2018/99

ASIC Corporations (AFCA transition) Instrument 2018/447

ASIC (Fees—Complexity Criteria) Instrument 2018/578 (see 23-247MR, REP 166, 23-048MR, CP 367, 23-082MR and CP 369)

ASIC Corporations (Group Purchasing Bodies) Instrument 2018/751

ASIC Corporations and Credit (Transition to AFCA) Instrument 2018/814

ASIC Corporations (Asia Region Funds Passport) Instrument 2019/75

ASIC Corporations (Changing Scheme Constitutions) Instrument 2019/700

ASIC Corporations and Credit (Internal Dispute Resolution – Transitional) Instrument 2019/965

ASIC Corporations (Disclosure of Fees and Costs) Instrument 2019/1070

ASIC Corporations (AFCA Regulatory Requirement) Instrument 2020/0433

ASIC Corporations (Hardship Withdrawals Relief) Instrument 2020/778 (see 23-247MR, REP 166, 23-048MR, CP 367, 23-082MR and CP 369)

ASIC Corporations (AFCA Regulatory Requirement) Instrument 2021/0002

ASIC Corporations (Shorter PDS and Delivery of Accessible Financial Products Disclosure by Platform Operators and Superannuation Trustees) Instrument 2022/497 (see 23-247MR, REP 166, 23-048MR, CP 367, 23-082MR and CP 369)

ASIC Corporations (Financial Requirements for Responsible Entities, IDPS Operators and Corporate Directors of Retail CCIVs) Instrument 2023/647 (see 23-247MR, REP 166, 23-048MR, CP 367, 23-082MR and CP 369)

ASIC Corporations (Financial Requirements for Custodial or Depository Service Providers) Instrument 2023/648 (see 23-247MR, REP 166, 23-048MR, CP 367, 23-082MR and CP 369)

ASIC Corporations (Investor Directed Portfolio Services Provided Through a Registered Managed Investment Scheme) Instrument 2023/668 (see 23-247MR, REP 166, 23-048MR, CP 367, 23-082MR and CP 369)

ASIC Corporations (Investor Directed Portfolio Services) Instrument 2023/669 (see 23-247MR, REP 166, 23-048MR, CP 367, 23-082MR and CP 369)

ASIC Corporations (Changing the Responsible Entity) Instrument 2023/681 (see 23-263MR)

ASIC Corporations (Takeover Bids) Instrument 2023/683 (see 23-263MR)

ASIC Corporations (Discretions for Setting the Issue Price and Withdrawal Price of Interests in Managed Investment Schemes) Instrument 2023/693 (see 23-254MR, 23-154MR and CP 368)

ASIC Corporations (Equality of Treatment Impacting on the Acquisition of Scheme Interests and CCIV Shares) Instrument 2023/697 (see 23-254MR, 23-154MR and CP 368)

 

ASIC's product intervention power

20-139MR ASIC releases guidance on its product intervention power

Related information

RG 272 Product intervention power

REP 661 Response to submissions on CP 313 Product intervention power (see CP 313 and submissions; and 19-157MR)

CP 324 Product intervention: The sale of add-on financial products through caryard intermediaries (see 19-267MR)

Product design and distribution obligations

20-320MR ASIC releases regulatory guide on product design and distribution obligations

Related information

RG 274 Product design and distribution obligations

REP 674 Response to submissions on CP 325 Product design and distribution obligations (see CP 325 and submissions; and 19-369MR)

ASIC Corporations (Deferral of Design and Distribution Obligations) Instrument 2020/486

ASIC Corporations (Design and Distribution Obligations—Exchange Traded Products) Instrument 2020/1090

Related information

Home > Regulatory resources > Financial services > Design and distribution obligations

Industry funding

Related information

Home > About ASIC > What we do > How we operate > ASIC industry funding

Last updated: 22/11/2023 01:52