RG 168 Disclosure: Product Disclosure Statements (and other disclosure obligations)
Issued 28 October 2011
This is a guide for persons responsible for Product Disclosure Statements (PDSs) and other disclosure obligations (i.e. Australian financial services licensees, authorised representatives and product issuers).
It gives policy guidance on preparing a PDS that complies with the PDS requirements in the Corporations Act 2001. It sets out good disclosure principles and explains how ASIC will monitor the use of PDSs and enforce the PDS requirements.
Note: This guide does not cover the tailored PDS regimes for superannuation and simple managed investment products introduced by the Corporations Amendment Regulations 2010 (No. 5). These regimes commence on 22 June 2011 for all new products, as well as for existing products where a supplementary PDS would be required, and on 22 June 2012 for all other PDSs: see INFO 133 Shorter PDS regime: Superannuation, managed investment schemes and margin lending.