ASIC Issues Notice to REs of MISs to Ensure Balanced & Accurate Information In Investment Fund Advertising

ASIC has put responsible entities (Res)of all managed investment schemes (MISs) on notice in relation to the need to ensure their investment fund advertising gives clear, balanced & accurate information.

The notice supports ASIC’s risk based scrutiny of advertising stuff, product & website disclosure reports from managed funds amid COVID-19 crisis. As per ASIC, some funds were giving insufficient details or were not precisely and clearly showing important features of their investment products.

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