Managed Investments - an Industry Report
110 Pages Posted: 9 Jun 2004
This report is part of a larger project which examines the managed funds industry in Australia and the means by which it is regulated. The report examines in particular (a) the different size and types of managed funds in Australia; (b) the extent to which the Australian regulatory regime conforms with international principles for the regulation of collective investment schemes; (c) the legislative intention and practical operation of compliance committees in managed funds; (d) the internalisation and centralisation of the compliance function; (e) the degree to which fund operators outsource their activities and responsibilities; and (f) whether the governance and regulatory approach of recent legislative changes represents an improvement to the previous regulatory regime.
The analysis has utilised data that is publicly available as well as interviews and surveys conducted with compliance managers, representatives of the Australian Securities and Investments Commission, compliance committee members and directors.
Keywords: managed funds
JEL Classification: G23, K22
Suggested Citation: Suggested Citation