ASIC Regulatory Guide added: RG 221 "online financial services disclosures"

We have just received and added a new ASIC Regulatory Guide to the the TimeBase Corporations Law service.

Details are as follows:

Regulatory Guide 221 is a guide for financial services providers that use (or plan to use) technology, including email and the internet, to deliver financial services disclosures to clients. The guide:

• explains how ASIC interprets the online disclosure provisions under Parts 7.6–7.9 of the Corporations Act 2001;

• describes the relief available under Class Order [CO 10/1219] (also recently added to our service)

• Facilitating online delivery of PDSs, FSGs and SOAs; and

• sets out our good practice guidance on online disclosure.

The full Regulatory Guides and much more are included for subscribers in the Point-in-Time Corporations service. If you are not already a subscriber to this Australian Legislation then please contact us to find out more or to take a free trial.