ASIC has released Regulatory Guide 192 Licensing: Wholesale equity schemes (RG 192) following public consultation.
The updates to the guidance reflect:
the changes made to the relief provided in ASIC Corporations (Wholesale Equity Scheme Trustees) Instrument 2017/849 to trustees of wholesale equity schemes that are operated by a manager holding an Australian financial services (AFS) licence; and
the amendments made to the financial requirements that may apply to these managers in ASIC Corporations (Amendment and Repeal) Instrument 2017/848.
