MSC, Melbourne Securities Corporation, is the responsible entity (aka Trustee) for Verve Money. In the Australian financial services industry, responsible entities have overall legal responsibility for the investment product. They work with a range of service providers to manage the fund on a day-to-day basis, such as the investment manager, custodian, auditor and administrator. Responsible entities are required to act honestly, exercise a reasonable level of care and due diligence, act in the best interests of members of an investment scheme and treat all investment scheme members equally. As responsible entity, MSC notified Verve Money customers that the investment scheme is winding up.