Consultation: Renewal of class exemption for MIS managers where assets do not have an appropriate market index

We are reviewing whether to renew an existing class exemption notice for managed investment scheme (MIS) managers for a further five years. This exemption provides relief to MIS managers with funds that invest, in whole or in part, in assets that do not have an appropriate market index and instead allows managers to take alternative approaches.  

We are also considering enabling the use of additional alternative indices in respect of particular types of relevant assets, to help improve the market index returns information available to investors.