Regulatory Alerts2007-12-13 | RG-101RG 101 Managed investment scheme buy-backs
The Australian Securities and Investments Commission issued this guide for responsible entities of registered managed investment schemes and their advisers regarding buy-backs of scheme interests. It explains relief granted under ASIC Corporations Instrument 2016/1159 from certain Corporations Act provisions and outlines requirements for conducting on-market buy-backs of ASX-listed schemes. The document also details ASIC's policy on applications for individual relief, noting that such applications must be submitted through the ASIC Regulatory Portal.
Issued 15 December 2016
This guide is for responsible entities of registered managed investment schemes, including schemes that form part of a stapled group, and their advisers involved in buy-backs of interests in such schemes.
It explains:
the relief we have given in ASIC Corporations (ASX-listed Schemes On-market Buy-backs) Instrument 2016/1159 from certain provisions of the Corporations Act 2001 and what a responsible entity of an ASX-listed scheme should do in conducting an on-market buy-back; and
our policy on applications for individual relief for scheme buy-backs.
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 101 (PDF 89 KB)