This subject, is specifically designed for those working in custodial services who are required by ASIC to undertake ongoing training in legal matters affecting licensed providers of custodial services. In late 2013, ASIC substantially updated Regulatory Guide 133. It is now titled ‘Managed investments and custodial or depository services: Holding assets’.
This subject has been released by Financial Education Professionals to meet the specific need for all custodial services staff to be aware of these legal requirements (RG133.37) through initial and ongoing training.
Other regulatory matters affecting the providers of custodial services are covered in our subject ‘Introduction to Custody’.
- Background to ASIC regulation of custodial services
- ASIC’s minimum standards for the custody of assets
- Engaging custodians; compliance measures and protection of land use rights.