Regulatory Alerts2026-04-08 | RG-138RG 138 Foreign passport funds
The Australian Securities and Investments Commission (ASIC) issued this guide to explain its regulatory approach for foreign passport fund operators entering or operating in Australia under the Asia Region Funds Passport framework. It details the entry requirements for becoming a notified foreign passport fund, the ongoing compliance obligations for such funds, and the procedures for their denotification. Additionally, the document outlines ASIC's powers and responsibilities, including its discretionary authority to grant exemptions and modifications to the Corporations (Passport) Rules 2018.
Issued 21 November 2024
This guide is for foreign passport fund operators seeking to enter, or operating in, Australia under the Asia Region Funds Passport—a multilaterally agreed framework to facilitate the cross-border marketing of managed funds across participating economies in the Asia region.
It explains our approach as a host regulator to the regulation of foreign passport funds in Australia, including:
the entry requirements to become a ‘notified foreign passport fund’
ongoing requirements for notified foreign passport funds, and
the process for removing notified foreign passport funds (denotification).
It also explains ASIC’s powers and responsibilities in relation to notified foreign passport funds and their operators, including our discretionary powers to grant exemptions and modifications to the Corporations (Passport) Rules 2018 (Australian Passport Rules).
Download RG 138 (PDF 1.4 MB)