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Screenshot of a breaking news alert e-mail from Q2 2017
ASIC has repealed ASIC Class Order [CO 02/226] that is due to expire (‘sunset’) on April 1, 2017.
Class Order [CO 02/226] Managed investment schemes: no issue required disclosure was repealed as we consider it is no longer required and does not form a necessary and useful part of the legislative framework.
The repeal of the class order follows ASIC consultation in May 2016 (refer: Consultation Paper 259 Repealing ASIC class order on managed investment schemes: no issue required disclosure.