Corporations Act 2001
View history note
Hide history noteASIC must register a collective investment fund that is a registered scheme or a sub-fund of a retail CCIV as a passport fund if ASIC is of the opinion that: (a) the proposed operator of the fund is an eligible entity , within the meaning of section 3 of Annex 2 of the Memorandum of Cooperation; and (b) each of the following is likely to be complied with in relation to the fund:
(i) this Act (including the Passport Rules for this jurisdiction);
(ii) the ASIC Act.
1212A(2)
A collective investment fund is registered as a passport fund by ASIC: (a) assigning a unique number to the passport fund (the Australian Passport Fund Registration Number or APFRN for the passport fund); and (b) ensuring that details of the fund are entered on the Register of Passport Funds.
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