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ASIC simplifies product disclosure statements

Australian Securities and Investments Commission (ASIC) has issued guidance to issuers of simple managed investment schemes and superannuation products to comply with the shorter product disclosure statement (PDS) regime from22 June. This is designed to make PDSs shorter and simpler, and help consumers compare financial products more easily. “Reducing lengthy PDSs of up to 100 pages for superannuation and managed…

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