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ARTICLE · 26 MARCH 2024

ASIC Issues New Legislative Instrument For Exchange Traded Funds

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On 15 March 2024 the Australian Securities and Investments Commission (ASIC) issued a new legislative instrument extending existing regulatory relief ....

AustraliaCorporate/Commercial Law
Matthew Watts
Matthew Watts
Lisa Lautier
Lisa Lautier

On 15 March 2024 the Australian Securities and Investments Commission (ASIC) issued a new legislative instrument extending existing regulatory relief previously only available to passively managed index tracking exchange traded funds (ETFs) so that it will now also apply to a broader range of ETFs (such as actively managed ETFs) quoted on a financial market operated by the ASX or Cboe.

ASIC sought submissions on these proposed changes through Consultation Paper 374 (CP 374). Following that consultation process ASIC has implemented the changes through the release of ASIC Corporations (Relief to Facilitate Admission of Exchange Traded Funds) Instrument 2024/147 (ASIC Instrument) which replaces [CO 13/721] ASIC Corporations (Relief to facilitate quotation of exchange traded funds on the AQUA Market) (Class Order). The Class Order was due to expire on 1 April 2024.

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