Commonwealth Numbered Regulations Commonwealth Numbered Regulations(1) A leviable entity forms part of the managed discretionary account providers sub-sector in a financial year if, at any time in the financial year, the entity holds an Australian financial services licence that authorises the holder to deal in a financial product by issuing financial products in respect of:
(a) interests in managed investment schemes limited to MDA services (within the meaning of the ASIC Corporations (Managed Discretionary Account Services) Instrument 2016/968 ); or
(b) miscellaneous financial investment products limited to MDA services;
whether or not the licence also authorises the holder to deal in other financial products.
Entity metric
(2) The leviable entity's entity metric for the sub-sector for the financial year is the number of days in the financial year on which the entity holds a licence of the kind mentioned in subsection (1).