On 30 June 2025, the Australian Securities and Investments Commission (ASIC) made minor and technical updates to the following Regulatory Guides (RGs):
- RG 132 Funds management: Compliance and oversight. RG 132 was updated to replace references to Australian Standard AS ISO 19600: 2015 Compliance management systems – Guidelines with Australian Standard AS ISO 37301:2023 Compliance management systems – Requirements with guidance for use.
- RG 136 Funds management: Discretionary powers. RG 136 was updated to reflect the introduction of provisions in the Corporations Act that permit meetings of scheme members to be held as a virtual-only meeting (s252P(c)) or as a hybrid meeting (s252P(b)).Other minor updates include replacing some outdated class order references and updating the definitions. Some paragraphs that deal with related schemes have been reworded for clarity.
The updates do not change legal requirements or impose additional regulatory burdens. Rather ASIC’s updates are designed to reflect consequential changes to the law and legislative relief granted by ASIC since the RGs were last updated.