01 July 2014
It’s a significantly busy time of year with a number of initiatives taking place across both the product and advice areas of our business.
These initiatives aim at achieving continuous disclosure for both our customers and advisers, and support the wider industry reforms that impact our business and become effective from 1 July 2014, namely Stronger Super, Privacy Laws, Foreign Account Tax Compliance Act (FATCA), Anti-Money Laundering (AML) Rules and Future of Financial Advice (FoFA).
To comply with these regulatory reforms, we’ll shortly be issuing new product disclosure materials for the Antares Professional Selection Investment Funds and a Supplementary PDS on the Antares Direct SMA.
Key changes and updates:
- Stronger Super: minor changes to the managed investment scheme fee table.
- Additional disclosure to reflect our obligation to identify and report information of US citizens as part of FATCA.
- Additional reporting obligations in respect of AML.
- Non-resident investors can invest in our suite of products if they are participating in the SIV program. Please refer to our website for a full list of complying funds.
From 1 July 2014, Antares will now be part of NAB Asset Management. NAB Asset Management partners with select boutique investment management firms to enhance their capabilities with the support of the NAB Group's resources. There is no change to the way Antares manages your clients' investments.
New disclosure documents
From 1 July 2014, new disclosure documents, including application forms, will be available on www.antarescapital.com.au. All applications received from 1 July 2014 must be completed using the new Initial Application Form and read in conjunction with the PDS dated 1 July 2014.