INFO 155
Shorter PDSs—Complying with requirements for superannuation products, simple managed investment schemes and simple sub-fund products
This is Information Sheet 155 (INFO 155). It provides concise guidance for industry on the requirements of the shorter Product Disclosure Statement regime (shorter PDS regime) for superannuation products, simple managed investment schemes and simple sub-fund products.
In plain English
INFO 155 explains the rules for shorter Product Disclosure Statements (PDS) for superannuation, simple managed investments, and sub-fund products.
INFO 155 provides guidance for businesses offering superannuation products, simple managed investment schemes, and simple sub-fund products. It outlines the requirements for shorter PDSs. This guidance applies to Australian Financial Services (AFS) licensees. It helps ensure clear and concise information for consumers. The guidance was last revised by ASIC.
Why it matters
If you offer eligible financial products, this guidance helps you create shorter, easier-to-understand PDSs. This can improve consumer understanding and reduce compliance risks. It’s important to review your PDSs to ensure they meet the requirements.
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Issuing regulator
ASIC →Topics
Source: https://www.asic.gov.au/regulatory-resources/financial-services/financial-product-disclosure/shorter-pdss-complying-with-requirements-for-superannuation-products-simple-managed-investment-schemes-and-simple-sub-fund-products/. Rules Mate indexes + summarises; always verify against the regulator's live publication.