New Class Order relief and regulatory guidance in relation to IDPS and IDPS-like platforms
ASIC has released new Class Orders that apply to operators of an investor directed portfolio service (IDPS), and responsible entities of IDPS-like schemes. These new instruments were accompanied by revised guidance that sets out ASIC’s objectives and approach to regulating these platforms…
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Principals and contractors need to be aware that in not registering security interests under the PPSA 2009, they may risk serious consequences.
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