Tag:regulatory requirements

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Australia: Inquiry into the Wholesale Investor and Wholesale Client Tests

Australia: Inquiry into the Wholesale Investor and Wholesale Client Tests

By: Kane Barnett and Prudence Birchall

The Parliamentary Joint Committee on Corporations and Financial Services (Committee) has commenced an inquiry into the wholesale investor test for offers of securities, and the wholesale client test for financial products and services (together, wholesale investor/client tests) in the Corporations Act 2001 (link here) (Inquiry).

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