The Australian Securities and Investment Committee (ASIC) said on Thursday that it had issued three notifications of violation of limited stock secretaries, claiming misleading data regarding the investment strategy of the Green Bond Fund in Artoa.
The organizer says that between April and November 2024, the statement of disclosure of the fund’s products and the determination of the target market and the web site claimed that he invested in green, sustainable and social bonds.
However, ASIC stated that the fund maintains exposure to government bonds and national beings during this period, the assets that do not correspond to its declared strategy that focuses on corporate exporters.
The stock trustees, the responsible entity of the fund, paid $ 56,340 on June 13, 2025 to comply with the notifications.
Asik noticed that paying notifications was not accepting guilt or responsibility.
“The responsible entity must have measures to ensure its compliance with his obligations as a AFS license,” said Sarah Court, ASIC’s president. “This includes sufficient controls and procedures from governance to ensure that the disclosures made in relation to investments by managed investment plans are accurate and not misleading.”
The court added that the procedure should be a warning to other secretaries to support the criteria for strong investment.
Violation notifications, including ASIC reasons for concern, were published in the ASIC Violation Rackets.
Currently managed investment charts contain about $ 2.7 trillion of assets in Australia.