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.
Issued 31 August 2016
This guide sets out our approach to regulating horse breeding schemes and horse racing syndicates under the Corporations Act 2001 (Corporations Act).
It explains:
our general approach to regulating certain small-scale horse breeding schemes and horse racing syndicates;
the relief we give for certain types of horse breeding schemes and horse racing syndicates from the managed investment, Australian financial services (AFS) licensing and product disclosure provisions of the Corporations Act; and
our approach to the co-regulatory arrangements between ASIC and lead regulators for certain types of horse racing syndicates.
Download RG 91 (PDF 365 KB)