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| Welcome to the May 2007 edition of the Hall & Wilcox financial services in focus. |
In this edition we look at the revised AML/CTF Rules issued this month and what the changes mean and also take a look at the new requirements for calculating unit prices which will apply from 1 May 2007. The Corporate and Financial Services Reform article covers the key issues dealt with in the first round of draft regulations.
Thank you for your continued support. |
| INSIDE |
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AML/CTF Update...read more |
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Unit Pricing Discretions - What you need to do ...read more |
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Corporate and Financial Services Reform Update...read more |
Stop press
- Hall & Wilcox Financial Services team recently advised MFS Limited on setting up one of the first actively managed, Australian retail funds dedicated to investment in the water sector. The MFS Water Fund, which was launched mid-April 2007, aimed to take advantage of investment prospects in the global market in the emerging global water sector. The Fund is initially seeking to raise $100 million to invest in the global water market. For more information about the Fund please visits the MFS website at www.mfsgroup.com.au.
The Hall & Wilcox team, led by Harry New and assisted by John Bassilios, were involved in all aspects of establishing the fund, including constitution, compliance plan and product disclosure preparation and due diligence . For further information please contact Harry New.
- We have also been involved in the preparation of unit pricing policies for a number of registered schemes to comply with ASIC Class Order 05/26 including reviewing constitutions, compliance plans and draft policies. Please do not hesitate to contact us with any details.
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