Regulatory Alerts2012-06-18 | RG-091RG 91 Horse breeding schemes and horse racing syndicates
The Australian Securities and Investments Commission issued this guide to outline its regulatory approach for horse breeding schemes and horse racing syndicates under the Corporations Act 2001. It details the relief provided for certain small-scale schemes and syndicates from managed investment, Australian financial services licensing, and product disclosure provisions. The document further explains the co-regulatory arrangements established between ASIC and lead regulators for specific types of horse racing syndicates.
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