ASIC Consultation Paper 343

ASIC has just released Consultation Paper 343 ‘Crypto-assets as underlying assets for ETPs and other investment products (CP 343)’.

ASIC are seeking feedback on proposals about exchange-traded products (ETPs) and other investment products that provide retail investors with exposure to crypto-assets.

Key areas of focus for market operators and issuers in the Consultation Paper include:

• identifying crypto-assets that are appropriate underlying assets;
• establishing good practice in respect of pricing, custody, risk management, and disclosure.

After receiving submissions on the consultation paper, ASIC will consider stakeholder feedback and issue a feedback report. ASIC intends to publish its final information on good practices shortly afterwards.