GRCGuideline

RG 133

RG 133 Funds Management and Custodial Services: Holding Assets

RG 133 outlines the Australian financial services (AFS) licence obligations for entities involved in managing and holding client assets. It sets minimum standards that apply to responsible entities of registered managed investment schemes, licensed custody providers, MDA providers, and IDPS operators.

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Overview

This regulatory guide issued by ASIC focuses on the proper management and custodial services related to holding assets. It targets entities such as responsible entities of registered managed investment schemes, licensed providers of custodial services, Managed Discretionary Account (MDA) providers, and Investor Directed Portfolio Service (IDPS) operators. The guide explains in detail the obligations under the Australian financial services (AFS) licence regime, establishes minimum standards for handling client assets, and aims to ensure higher levels of asset protection and compliance in the financial sector. The standards include operational controls, compliance requirements, and reporting obligations.

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