1. News and resources
  2. COVID-19
  3. Updated FAQs for Managed Investment Scheme (MIS) managers

Updated FAQs for Managed Investment Scheme (MIS) managers

Page last updated: 30 Apr 2020

Under the Financial Markets Conduct Act 2013 (FMCA), managers must ensure every managed investment scheme (MIS) that they manage has a statement of investment policy and objectives (SIPO).

In light of the current volatility in the equity markets, the industry has requested guidance regarding what sorts of SIPO limit breaks should be considered a material breach and therefore must be reported. 

See FAQs on SIPO limit break reporting.