FUNDS MANAGEMENT & FINANCIAL SERVICES Alert: Increase in capital requirements for wholesale trustees and custodians

28 August 2013


ASIC has increased the financial requirements for custodians and trustees of wholesale managed investment schemes. ASIC haws class order 13/761 Financial requirements for custodial or depository service providers (CO 13/761) and ASIC’s updated regulatory guide 166 Licensing: Financial requirements (RG 166) contain the changes.

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