Fund managers need to provide accurate and high-quality information to explain and support claims that their products incorporate non-financial factors.
July 29, 2022Being ‘true to label’ is a regulatory must-have when it comes to sustainability-related products, says ASIC deputy chair Karen Chester.
June 14, 2022ASIC is assessing whether fund managers made false or misleading statements or engaged in misleading or deceptive conduct when marketing their funds.
March 24, 2022The Senate Economics Committee acknowledged "overwhelming support" for the CCIV legislation and recommended it be passed "as soon as practicable".
February 8, 2022A "long, complex value chain" of intermediaries between fund managers and retail investors raises the potential for conflicts of interest.
September 27, 2021The CCIV regime will offer a more flexible and tax-efficient corporate structure for fund managers. The regime is targeted to commence from 1 July 2022.
September 1, 2021ASIC's Karen Chester says insolvencies and macro forces could present greater liquidity challenges to fund managers and affect investors' ability to withdraw from funds.
November 21, 2020The hardship relief will make it easier for responsible entities of frozen funds to enable withdrawals by investors suffering hardship, says ASIC's Karen Chester.
August 27, 2020ASIC says it is aware that illiquid assets have been difficult to value amid the pandemic, but asserts that it is precisely in this context that valuations are most important.
August 12, 2020Financial Services Council chief Sally Loane welcomed the move, but expressed disappointment with changes that may create another tax compliance burden for managed funds.
May 16, 2020