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Question Three Managed investment schemes are governed by Chapters 5C and 7 of the Corporations Act, which require: a) some managed investment schemes to be

Question Three

Managed investment schemes are governed by Chapters 5C and 7 of the Corporations Act, which require:

a) some managed investment schemes to be registered (1 mark)

b) some managed investment schemes to be operated by licensed responsible entities (1 mark)

c) certain disclosure documents and Scheme documentation to be made to retail investors and/or lodged with ASIC (1 mark).

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