Regulatory Alerts2025-06-16 | RG-148RG 148 Platforms that are managed investment schemes and nominee and custody services
The Australian Securities and Investments Commission issued this guide to regulate platform operators, issuers, advisers, and providers of nominee and custody services. It outlines the regulatory objectives and operational requirements for these entities, including specific disclosure obligations for managed investment schemes and IDPS-like structures. The document further details the duties of financial product advisers and issuers regarding investments acquired through platforms or custody services.
Issued 19 February 2024
This guide is for:
platform operators (including operators of investor directed portfolio services (IDPSs) and responsible entities of IDPS-like schemes), issuers of investments available through platforms and people who provide financial product advice on platform; and
operators and people involved in the operation of nominee and custody services.
It explains:
our objectives when regulating, and the requirements for operating, platforms and nominee and custody services, and the related disclosure obligations; and
some of the obligations when issuing investments acquired through a platform or a nominee and custody service, and of financial product advisers who give advice about platforms.
Download RG 148 (PDF 763 KB)