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ARTICLE · 30 MARCH 2017

ASIC finalises guidance on risk management systems for responsible entities

McCullough Robertson
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Responsible entities who operate a registered scheme should review, and if necessary revise, your risk management system.

AustraliaCorporate/Commercial Law
Tim Wiedman
Tim Wiedman
Sean Robertson
Sean Robertson
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WHO SHOULD READ THIS

  • Responsible entities who currently operate registered managed investment schemes.
  • It will also be of interest for responsible entities who do not currently operate any schemes and Australian financial services (AFS) licencees who operate unregistered schemes, IDPSs or MDAs.

THINGS YOU NEED TO KNOW

  • ASIC has released its long-awaited regulatory guide setting out its expectations of the systems and procedures responsible entities should have in place to meet their obligation to maintain adequate risk systems.

WHAT YOU NEED TO DO

  • If you are a responsible entity operating a registered scheme, you will need to review (and, if necessary, revise) your risk management system.

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