ASIC has updated Regulatory Guide 221 Facilitating digital financial services disclosures (RG 221) following a consultation with industry.
ASIC considered industry submissions in response to CS 23 Proposals to continue to facilitate digital disclosure (CS 23) and welcomes the general support to update the guidance.
The updates amend outdated references and clearly set out ASIC’s expectations in relation to digital disclosures.
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Background
RG 221 explains how Parts 7.7 and 7.9 of the Corporations Act 2001, relevant regulations, and legislative instruments apply to the digital delivery of financial services disclosures.
ASIC Corporations (Electronic Disclosure) Instrument 2025/447 offers relief from the requirements in the Corporations Act to allow financial services providers to publish disclosure digitally and notify the client that the disclosure is available.
More information
- News item - ASIC consults on proposals to facilitate digital disclosure
- CS 23 Proposals to continue to facilitate digital disclosure
- News item - ASIC issues new legislative instrument to facilitate digital disclosures
