ASIC Review of RG 97: Disclosing fees and costs in PDSs and periodic statements

Author:Mr Jon Ireland
Profession:Norton Rose Fulbright Australia

On 29 November 2019, ASIC finalised the revised fees and costs disclosure requirements for PDSs and periodic statements, including an updated Regulatory Guide 97.

The new rules will apply to all:

PDSs issued on or after 30 September 2020, and periodic statements (ongoing or on exit) for a reporting period that commences on or after 1 July 2021 (subject to potential early 'opt-in'). Issuers will therefore need to take stock of their current position and have a clear plan in place in the New Year for transitioning to the new requirements. While 'opt-in' applies for certain periodic statements, there is no ability to 'opt-in' early to the new requirements for PDSs.

The new rules and guidance follow...

To continue reading