Corporations Service Update: New ASIC Regulatory Guide added

ASIC has released  new Regulatory Guide 45 Mortgage schemes—improving disclosure for retail investors Read the regulation impact statement.

Regulatory Guide 45 

Issued Date: 9 May 2012
Commencement Date:  2 September 2008

Previous version: Superseded Regulatory Guide 45, issued 2 September 2008

Amended by 
[RG 232] Agribusiness managed investment schemes: Improving disclosure for retail investors
[RG 234] Advertising financial products and advice services: Good practice guidance

RG 45 is a guide for responsible entities, compliance committees, compliance plan auditors, valuers, publishers and others involved with the issue or advertising of interests in mortgage schemes. RG 45 sets out ASIC’s benchmarks and disclosure principles for improved disclosure to retail investors to help them understand and assess unlisted mortgage schemes, while maintaining the flexibility of the public fundraising process. It also sets out the standards ASIC expects responsible entities and publishers to meet when advertising unlisted and listed mortgage schemes that are offered to retail investors.   The full Regulatory Guides and much more are already online for subscribers (Note: subscription required).

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