ASIC Releases Further Guidance on Hedge Fund Disclosure

ASIC has today refined the definition of a hedge fund to ensure disclosure requirements are appropriately targeted at those funds that pose more complex risks to investors. Following extensive consultation with industry, Class Order [CO 13/1128] Amendment of Class Order [CO 12/749] and an updated Regulatory Guide 240 Hedge funds: Improving disclosure (RG 240), make […]

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