IN BRIEF
Our domestic funds market and a new corporate collective
investment vehicle and Asia Region Funds Passport.
ASIC'S CONSULTATION PAPER OUTLINES THEIR PROPOSED
REGULATORY GUIDANCE FOR INVESTMENT FUNDS
In October 2017 ASIC issued Consultation paper 296 which
outlined their proposed regulatory guidance for investment funds
which includes managed investment schemes, corporate collective
investment vehicles (CCIV), passport funds under the Asia Region
Funds Passport (Passport), platforms (comprising investor directed
portfolio services and like services) and Managed Discretionary
Accounts (MDA).
Both the CCIV and Passport were proposed in the Australian
Financial Centre Forum's Report, Australia as a Financial
Centre: Building on Our Strengths, published in November 2009,
commonly referred to as the Johnson Report.
