ARTICLE · 11 MARCH 2024

Funds Update – 1 March 2024

Herbert Smith Freehills Kramer LLP

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On 19 February 2024, ASIC reissued Regulatory Guide 148: Platforms that are managed investment schemes and nominee and custody services (RG 148).

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In this Funds Update for 1 March 2024:

ASIC reissues Regulatory Guide 148 on platforms

On 19 February 2024, ASIC reissued Regulatory Guide 148: Platforms that are managed investment schemes and nominee and custody services (RG 148). The reissued RG 148, which supersedes the previous version of the guidance that was reissued in September 2017, reflects new legislative instruments and confirms when information must be provided electronically to investors.

RG 148 provides guidance for operators of investor directed portfolio services (IDPS) and IDPS-like schemes, commonly referred to as platform operators, on:

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