In this Funds Update for 15 August 2025.
ASIC consults on managed investment product consideration instrument
On 5 August 2025, ASIC released Simple Consultation: Proposed remake of relief instrument for managed investment product consideration inviting industry feedback on proposed revisions to ASIC Corporations (Managed Investment Product Consideration) Instrument 2015/847 which sunsets on 1 October 2025.
Key proposed changes include:
- simplifying the requirements to document exercises of discretion affecting the pricing of interests with a view to making these more consistent with ASIC Corporations (Discretions for Setting the Issue Price and Withdrawal Price of Interests in Managed Investment Schemes) Instrument 2023/693;
- reducing the prescriptiveness of documentation provisions, and
- making general ASIC drafting style changes.
Submissions on ASIC's proposed changes close at 5pm on 29 August 2025.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
