ASIC RG 46: Unlisted property schemes, improving disclosure

ASIC releases updated disclosure guidance for unlisted property funds

The unlisted property fund industry is the latest recipient of ASIC's 'if not why not' benchmark model of disclosure, set out in the recently updated Regulatory Guide 46 Unlisted property schemes: Improving disclosure for retail investors. From 1 November 2012, all new disclosure statements must incorporate the changes, which include clear and prominent disclosure of the benchmarks and disclosure principle information. Responsible entities of existing unlisted property schemes will need to provide the benchmark and updated disclosure principle information to investors before 1 November 2012.

Overview

From 1 November 2012, the unlisted property fund industry will need to adopt ASIC's 'if not why not' benchmark model of disclosure, set out in the updated Regulatory Guide 46 Unlisted property schemes: Improving disclosure for retail investors ( RG 46). This is the latest of a series of ASIC