Hastings Diversified Utilities Fund - Panel Declines to Make a Declaration and Publishes Reasons

The Panel has declined to make a declaration of unacceptable circumstances in response to an application dated 23 December 2011 from Hastings Diversified Utilities Fund in relation to its affairs. The Panel decided not to make a declaration after supplementary disclosure was provided in a form and manner that was acceptable to the Panel.

Hastings Diversified Utilities Fund

The Panel, Julie McPherson, Ian Ramsay (sitting President) and Mike Roche, declined to make a declaration of unacceptable circumstances in relation to the affairs of Hastings Diversified Utilities Fund. The application concerned disclosure deficiencies in the bidder's statement lodged by APT Pipelines Limited. The Panel decided not to make a declaration after APT Pipelines Limited agreed to provide supplementary disclosure in a form and manner that was acceptable to the Panel.