Guidance · ASIC · 8 Aug 2008 · RG-192

RG 192 Licensing: Wholesale equity schemes

ASIC issued Regulatory Guide 192 to provide guidance for trustees and managers of wholesale equity schemes, particularly venture capital and private equity schemes. The document explains the licensing relief granted under ASIC Corporations (Wholesale Equity Scheme Trustees) Instrument 2017/849 for trustees operated by managers holding an Australian financial services licence. It also outlines the financial requirements that may apply to these managers under ASIC Corporations (Financial Requirements for Responsible Entities, IDPS Operators and Corporate Directors of Retail CCIVs) Instrument 2023/647.

AustraliaAustralian Securities and Investments Commission

Issued 27 November 2024

This is a guide for trustees and managers of wholesale equity schemes and their advisers. It is particularly relevant to venture capital and private equity schemes.

This guide explains the licensing relief we have given in ASIC Corporations (Wholesale Equity Scheme Trustees) Instrument 2017/849 . The relief is for trustees of wholesale equity schemes that are operated by a manager holding an Australian financial services licence under Ch 7 of the Corporations Act 2001 . This guide also explains financial requirements that may apply to these managers under ASIC Corporations (Financial Requirements for Responsible Entities, IDPS Operators and Corporate Directors of Retail CCIVs) Instrument 2023/647 .

Download RG 192 (PDF 354 KB)

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