Which of the following statement regarding the regulation of managed funds is the Most CORRECT?

Select one:

a.

ASIC regulates managed investment schemes (MIS) and listed investment companies.

b.

APRA regulates large superannuation funds.

c.

Australian Taxation Office (ATO) regulates the self-managed superannuation funds.

d.

All persons providing investment advice must be licensed by ASIC

e.

All of the statements are correct.