Australia: ASIC Issues New Legislative Instrument for Exchange Traded Funds
By: Matthew Watts, Lisa Lautier and Dhivya Kalyanakumar
On 15 March 2024 the Australian Securities and Investments Commission (ASIC) issued a new legislative instrument extending existing regulatory relief previously only available to passively managed index tracking exchange traded funds (ETFs) so that it will now also apply to a broader range of ETFs (such as actively managed ETFs) quoted on a financial market operated by the ASX or Cboe.
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