ASIC releases class order relief for ETFs following consultation paper (CP196)
By Michael Lawson and Adrian Poy
The Australian Securities and Investments Commission (ASIC) has released class order relief for AQUA market exchange traded funds (ETFs) as proposed and described in its consultation paper (CP196) released in December 2012.
The class order relief consists of a set of relief instruments in respect of: (i) periodic statements; (ii) equal treatment; (iii) relevant interest and substantial holding; and (iv) material change and significant event disclosure.
The new class order reliefs for ETFs are substantially different to individual relief that has previously been granted to ETF issuers and represent a change in a number of areas of ASIC policy…
If you are registered and logged in to the site, click on the link below to read the rest of the Minter Ellison briefing. If not, please register or sign in with your details below.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.