Regulatory Alerts2025-06-16 | RG-179RG 179 Managed discretionary accounts
The Australian Securities and Investments Commission issued this guide to regulate managed discretionary account services provided to retail clients under the Corporations Act 2001. It defines MDA services, outlines the regulator's main policy framework, and explains how these rules apply to various service arrangements. The document also details transitional arrangements and notes that applications for relief must be submitted through the ASIC Regulatory Portal from 27 July 2020.
Reissued 29 September 2016
This guide sets out how we will regulate managed discretionary account (MDA) services provided to retail clients under the Corporations Act 2001 .
This guide sets out:
an overview of the MDA policy
how we define MDA services
our main policy in regulating MDA services
how our policy applies to MDA services with different arrangements, and
transitional arrangements.
Note: From 27 July 2020, applications for relief should be submitted through the ASIC Regulatory Portal . For more information, see how you apply for relief .
Download RG 179 (PDF 1.2 MB)