Regulatory Alerts2026-04-21 | RG-133RG 133 Funds management and custodial services: Holding assets
The Australian Securities and Investments Commission issued this guide to explain Australian financial services licence obligations for responsible entities, licensed custody providers, managed discretionary account providers, and investor directed portfolio service operators. It establishes minimum standards for entities holding client assets to ensure compliance with regulatory requirements. The document serves as a definitive reference for these specific financial service providers regarding their duties in asset holding.
Issued 10 December 2024
This guide is for:
responsible entities of registered managed investment schemes (registered schemes)
licensed providers of custodial services (licensed custody providers)
managed discretionary account (MDA) providers that are responsible to clients for assets held under an MDA, and
investor directed portfolio service (IDPS) operators that are responsible to clients for assets held under an IDPS.
It explains the Australian financial services (AFS) licence obligations that apply to these entities in relation to holding assets and sets out minimum standards for asset holders.
Download RG 133 (PDF 3.1 MB)