ASIC treats an SMA as a managed account structure, while an SMA mandate is the investment rule set used within...
Under the Corporations Act, a managed investment scheme must be registered with ASIC when it satisfies the statutory registration requirements,...
Under the Corporations Act, a responsible entity is the single legal entity responsible for operating a registered managed investment scheme....
Under the Corporations Act, an Australian Financial Services Licence (AFSL) must include authorisations covering the financial services provided in relation...
Under the Corporations Act, an Australian Financial Services Licence (AFSL) is required when a person carries on a financial services...
A managed investment scheme (MIS) is a collective investment arrangement defined under the Corporations Act 2001 (Cth). It applies where...
ASIC distinguishes a Managed Discretionary Account (MDA) from a Managed Investment Scheme (MIS) based on how investments are managed and...
AUSTRAC expects an AFS licensee using discretionary MDA arrangements to have full AML/CTF controls where advisers provide Item 3 services....
ASIC and AUSTRAC expect an AFS licensee using MDAs to have specific authorisations, supervision, governance, and AML/CTF controls in place....
AUSTRAC’s Item 54 exemption generally still applies when an adviser only recommends or arranges access to an MDA. Increased AML/CTF...