ASIC releases draft disclosure guidance for hedge funds-continued

February 23, 2012--ASIC today released for consultation draft regulatory guidance with new disclosure benchmarks and principles for hedge funds to improve investor awareness of the risks associated with these products.
The guidance, contained in Consultation Paper 174 Hedge funds: Improving disclosure — Further consultation (CP 174), sets out the specific features and risks of hedge funds that should be addressed in a Product Disclosure Statement (PDS) for these products.

ASIC Chairman Greg Medcraft said it was necessary to ensure that disclosure gives investors the information they need to make an informed investment decision, which may include a decision not to invest in these products.

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view Consultation Paper 174 Hedge funds: Improving disclosure-Further consultation

Source: Australian Securities and Investments Commission (ASIC)

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