CP 255 Remaking ASIC class orders on financial services disclosure requirements
Released 23 March 2016. Comments due 26 April 2016
This consultation paper sets out ASIC’s proposals to remake our class orders relating to specific financial services disclosure requirements. Under the Legislation Act 2003, these class orders will expire (‘sunset’) if not remade.
We are seeking feedback from the financial services industry on our proposals to remake, without significant changes, the following class orders, which are due to expire on 1 April 2017:
- Class Order [CO 02/1072] Product Disclosure Statements: Top-up relief for managed investment 91AVs;
- Class Order [CO 07/10] Technical disclosure relief for reconstructions and capital reductions (paragraph 9);
- Class Order [CO 03/237] Updated information in Product Disclosure Statements; and
- Class Order [CO 03/1092] Further relief for joint Product Disclosure Statements.