Which of the following statements is true with regard to the regulation of managed funds?

Question

Quizplus · Accepted Answer

ASIC (Australian Securities and Investments Commission) is the primary regulator for managed funds in Australia. APRA (Australian Prudential Regulation Authority) also plays a role in regulating certain types of managed funds, but ASIC is the primary regulator. The ACCC (Australian Competition and Consumer Commission) is not involved in the regulation of managed funds. Managed funds are not unregulated, as they are subject to various laws and regulations to protect investors' interests.

Which of the Following Statements Is True with Regard to the Regulation