ASIC Briefing on Regulatory Guide 97

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ASIC Briefing on Regulatory Guide 97

Fees and Costs Disclosure

ASIC updated their fees and costs disclosure regulatory requirements and guidance for superannuation and managed investment products in Regulatory Guide 97 in 2015. This document summarises questions answered by ASIC in a forum on the implementation of these regulatory requirements.

On 20 March 2017, ASIC held a forum with Deloitte’s clients as part of assisting industry in its implementation of updated fees and costs disclosure requirements.

ASIC updated their fees and costs disclosure regulatory requirements and guidance for superannuation and managed investment products in Regulatory Guide 97 (RG 97) in November 2015. There is a transition period for these updated requirements that ends from 30 September 2017 if issuers met certain conditions, including providing data about their fees and costs to ASIC before 1 March 2017.

This document summarises some of the questions answered by ASIC during the forum. ASIC also directed superannuation funds and managed investment product providers to consult the list of “Questions and answers” published on their website.

ASIC Briefing on Regulatory Guide 97
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