Financial Standard Comments - Government opens doors to offshore investment vehicles The Federal Government is seeking public consultation on the long-awaited legislation for the Asia Region Funds Passport and Corporate Collective Investment Vehicle (CCIV) regime. https://www.financialstandard.com.au/feed/latest?story=102731163 Mon, 28 Aug 2017 15:34:37 +1000 Mon, 28 Aug 2017 15:34:37 +1000 en-AU Copyright 2026 Financial Standard 5 Comment by WAYNE CHARLES (SIS INSURANCE BROKERS PTY LTD) As a provider of professional indemnity insurance to AFSL Holders across Australia the govt. needs to recognise the short comings of the current regulations regarding protection for investors in Australia. To maximise investors protection ASIC needs to firstly "police' effectively the AFSL Holders and the many hundreds not licensed who should be, and then establish a minimum sum of insurance required (which doesn't exist currently) and then provide a formula to establish a formula that each AFSL Holder has to carry. There also needs to be minimum standards of terms and wording so as to maximise the investors protection.Any foreign CCIV companies must have PI insurance meeting the required standards and enforceable under Australian law to the "required values"

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]]> WAYNE CHARLES (SIS INSURANCE BROKERS PTY LTD) Mon, 28 Aug 2017 15:34:37 +1000