Powered by MOMENTUM MEDIA
investor daily logo

ASIC announces relief for interests in managed investment schemes

  •  
  •  
2 minute read

The extension has been confirmed.

On Wednesday (30 March), ASIC announced it will extend the existing relief for business introduction services until 1 October 2022.

The extension comes on the provision that anyone relying on the relief from 1 April 2022 must notify the corporate regulator.

==
==

From 1 October, the relief will be amended to extend relief for interests in managed investment schemes until 1 April 2025 and to clarify that the design and distribution obligations (DDO) “apply to persons who, but for the relief, would otherwise need to comply with the DDO”.

“ASIC considers that the relief for scheme interests continues to be useful for managed investment schemes as these entities recover from the impact of the COVID-19 pandemic,” the regulator said in a statement.

There are currently no plans to remake the relief when it expires on 1 April 2025.

ASIC announces relief for interests in managed investment schemes

The extension has been confirmed.

investordaily image
investordaily image
ID logo
Neil Griffiths

Neil Griffiths

Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily. 

Neil is also the host of the ifa show podcast.

Comments powered by CComment