September 28, 2016 BY Valentina Kirilova

ASIC updates regulatory framework for charitable investment fundraisers

ASIC has issued a revised policy and regulatory framework for charities that raise investment funds. The framework removes regulatory barriers to the issue of financial products while strengthening protection for public investors. The changes follow an ASIC review of the operation of exemptions available to charities from certain managed investment, debenture, fundraising and licensing provisions…

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