Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 21 OCTOBER 2026

Funds Update - 2 October 2026

Herbert Smith Freehills Kramer LLP
Herbert Smith Freehills Kramer LLP
Contributor
Herbert Smith Freehills Kramer LLP

Herbert Smith Freehills Kramer LLP

We have one of the largest Southeast Asia international law practices, working across the region...

View firm profile
Explore more from Herbert Smith Freehills Kramer LLP

Treasury proposes enhanced data collection for managed investment schemes following recent fund collapses, while ASIC intensifies scrutiny of private credit products through interim stop orders...

AustraliaFinance and Banking
Fiona Smedley
Fiona Smedley
Author LinkedIn connections

In this Funds Update for 2 October 2026:

  1. Treasury seeks feedback on enhanced MIS data collection 
  2. Interim DDO stop orders made re private credit MIS 
  3. ASIC’s focus on private credit continues 

1. Treasury seeks feedback on enhanced MIS data collection 

On 23 September 2026, Treasury released a consultation paper proposing a new data collection framework for managed investment schemes (MIS), intended to improve regulatory visibility of MIS and support earlier identification of emerging risks following the First Guardian and Shield Master Fund collapses, through enhanced data collection at MIS registration and on a recurrent basis. 

Key changes include: 

  • More registration data for registered MISs, including details of a MIS’ investment strategy and objective, fund structure, counterparties, liquidity and leverage profile, valuation methodologies, withdrawal conditions and fees.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

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.

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Australia's Enhanced Substantial Holding Disclosure And Beneficial Ownership Disclosure Regime Comes Into Effect From 4 December

Australian financial markets face a fundamental shift in disclosure requirements from December 2026, as new rules expand substantial holding obligations beyond traditional voting interests to capture derivative positions and economic exposure. Market participants must now navigate complex calculations involving physically settleable derivatives, cash-settled instruments, and offsetting short positions—with no grandfathering for existing holdings.
AustraliaFinance and Banking
K&L Gates
K&L Gates
Article

New Payment Models Face A Broader Licensing Regime

Australia's payment services landscape is undergoing a fundamental regulatory transformation with the introduction of new legislation that shifts focus from specific technologies to the functions and activities performed by payment service providers. The Treasury Laws Amendment Bill 2026 will replace the existing non-cash payment facility framework with a comprehensive licensing regime that distinguishes between payment products and payment services, potentially capturing previously unregulated payment
AustraliaFinance and Banking
McCabes
McCabes
Article

Australia's Updated Financial Innovation Strategy

The Australian Government has unveiled its Financial Innovation Strategy, introducing a new Financial Innovation Committee and overhauling the Enhanced Regulatory Sandbox framework to better support emerging businesses testing innovative financial products. The strategy encompasses reforms across consumer data rights, digital assets, tokenised infrastructure, and regulatory frameworks designed to position Australia as a leader in financial innovation.
AustraliaFinance and Banking
K&L Gates
K&L Gates
Article

Trump Administration Waives New Russia Sanctions And Tariffs Under Graham Act

President Trump issued an executive order implementing the Graham Act, which establishes substantial new tariffs on Russian goods and countries purchasing Russian energy, but simultaneously waives their application. The order creates a monitoring framework that leaves open the possibility of future enforcement while maintaining existing Russia sanctions regimes.
GlobalInternational Law
Herbert Smith Freehills Kramer LLP
Herbert Smith Freehills Kramer LLP
Article

OFAC Expands Cuba Sanctions And Tightens Financial And Travel Restrictions

The U.S. Treasury's Office of Foreign Assets Control has implemented sweeping changes to Cuba sanctions, establishing a new regulatory framework that targets foreign persons and financial institutions while significantly restricting previously authorized activities. These measures create potential sanctions exposure for non-U.S. businesses and banks conducting Cuba-related transactions, fundamentally altering the compliance landscape for international financial intermediaries.
GlobalGovernment, Public Sector
Herbert Smith Freehills Kramer LLP
Herbert Smith Freehills Kramer LLP