Unregistered schemes
Information Sheet 251 AFS licensing requirement for trustees of unregistered managed investment schemes (INFO 251) provides guidance to trustees of unregistered managed investment schemes (unregistered schemes).
INFO 251 outlines:
- the AFS licensing requirements in the Corporations Act that apply to a trustee of an unregistered scheme that issues, varies or disposes of interests in unregistered schemes that are financial products
- limits in the scope of the exemptions from the AFS licensing requirements in sections 911A(2)(a) and (b) of the Corporations Act.