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Consolidation of fundraising instruments and guidance

Important notice: Fundraising and corporate finance documents are now lodged with ASIC through the ASIC Regulatory Portal. For more information, see How you lodge fundraising and corporate finance documents.

Applications for relief should also be submitted through the ASIC Regulatory Portal. Fees will apply to an application and details about payment options are provided in the portal. For more information see, how you apply for relief.

In March 2016 we consolidated 7 regulatory guides about disclosure documents into one new regulatory guide: Regulatory Guide 254 Offering securities under a disclosure document (RG 254).

We also moved our existing guidance in Superseded RG 213 Facilitating debt raising (SRG 213) – on the on-sale of quoted securities that are issued on the conversion of convertible notes issued to wholesale investors or otherwise without prospectus disclosure – into Regulatory Guide 173 Disclosure for on-sale of securities and other financial products (RG 173), and revoked SRG 213.

We also consolidated 26 sunsetting class orders into 13 new legislative instruments and repealed 5 class orders.

This page sets out cross-references to:

RG 254 Offering securities under a disclosure document

Section of RG 254 Topic of guidance Previous guidance
Section A Why we have disclosure document New guidance
Section A When a disclosure document is required New guidance
Section A The various types of disclosure documents New guidance
Section A ASIC’s role New guidance
Section A Scope of this guide and summary of topics covered New guidance
Section A Other guidance issuers may need to consider New guidance
Section B Prospectuses SRG 56 and new guidance
Section B Short-form prospectuses New guidance
Section C Rationale for transaction-specific disclosure RG 66
Section C When transaction-specific disclosure can be used RG 66
Section C Effect of suspensions from quotation and trading halts RG 66
Section C Content requirements for transaction-specific prospectus RG 66
Section C ASIC’s exclusion powers—section 713(6) RG 66
Section C Relief from enhanced disclosure provisions RG 66
Section C Individual relief to use a transaction-specific prospectus RG 66
Section D Rationale for offer information statements New guidance
Section D Content requirements for offer information statements New guidance
Section D Financial reports for offer information statements SRG 157
Section D Relief for financial reports prepared for offer information statements SRG 157
Section E Profile statements New guidance
Section E Two-part simple corporate bonds prospectus New guidance and SRG 213
Section F How to lodge a disclosure document New guidance
Section F Our approach to withdrawing an offer under a disclosure document New guidance
Section F Changes to disclosure documents following lodgement SRG 23 and SRG 152
Section F Lodging electronic disclosure documents RG 107
Section F Application forms SRG 56 and SRG 152
Section F Relief for application forms SRG 56 and new guidance
Section G Exposure period requirements SRG 152 and new guidance
Section G Access to disclosure documents SRG 152
Section G What we will do to facilitate access to disclosure documents SRG 152 and new guidance
Section G Where we will extend the exposure period SRG 152
Section G Relief from the exposure period SRG 152
Section G Applications for securities during the exposure period SRG 152
Section H When a supplementary or replacement disclosure document is required SRG 23 and new guidance
Section H Form, content and procedure requirements SRG 23 and new guidance
Section H Consequences of lodging a supplementary or replacement disclosure document New guidance
Section H Relief to consolidate supplementary disclosure documents SRG 23 and new guidance
Section I Quotation condition SRG 99 and new guidance
Section I Minimum subscription condition RG 228 and new guidance
Section I Relief for calculating time periods New guidance
Section I Consequences of the minimum subscription condition and/or quotation condition not being satisfied New guidance
Section I Relief to provide refresh documents New guidance
Section J General prohibition on advertising and publicity SRG 158
Section J Relief for advertising and publicity SRG 158
Section J How we monitor compliance with the advertising prohibitions SRG 158
Section K Debenture prospectuses SRG 155
Section L Pre-lodgement review of disclosure documents SRG 152 and RG 228
Section L Post-lodgement review of disclosure documents SRG 152 and new guidance
Section L What we look for when reviewing a disclosure document RG 228
Section L What we do when there are disclosure concerns RG 228

RG 173 Disclosure for on-sale of securities and other financial products

Section of RG 173 Topic of guidance Previous guidance
Section B Relief to facilitate offers of convertible notes made without prospectus disclosure SRG 213
Section B Relief for offers of bank hybrids New guidance

Superseded class orders

Superseded class order New legislative instrument CP 239 proposal
[CO 00/168] Relief from exposure period: quoted securities ASIC Corporations (Exposure Period) Instrument 2016/74 C3
[CO 00/169] Relief from exposure period: supplementary and replacement prospectuses ASIC Corporations (Exposure Period) Instrument 2016/74 C3
[CO 00/172] Offer information statements: relief in relation to financial statements ASIC Corporations (Offer Information Statements) Instrument 2016/73 C5
[CO 00/173] Debenture   prospectuses: incorporation of information on application forms ASIC Corporations (Debenture   Prospectuses) Instrument 2016/75 C4
[CO 00/174] Debenture prospectuses: updating of interest rate and term information ASIC Corporations (Debenture Prospectuses) Instrument 2016/75 C4
[CO 00/175] Pre-prospectus   roadshow presentations ASIC Corporations (Market Research and Roadshows) Instrument 2016/79 C8
[CO 00/176] Pre-prospectus market research ASIC Corporations (Market Research and Roadshows) Instrument 2016/79 C8
[CO 00/190] Substituting and   consolidating supplementary disclosure documents ASIC Corporations (Substituted   Supplementary Disclosure Documents) Instrument 2016/78 C7
[CO 00/195] Offer of convertible securities under s713 ASIC Corporations (Offers of Convertibles) Instrument 2016/83 C12
[CO 00/656] Announcements to securities exchanges about offers by subsidiaries of the listed body ASIC Corporations (Market Research and Roadshows) Instrument 2016/79 C8
[CO 00/843] Options over listed securities: exposure period relief ASIC Corporations (Exposure Period) Instrument 2016/74 C3
[CO 00/1092] Application form   relief for bonus issues of options ASIC Corporations (Options: Bonus   Issues) Instrument 2016/77 C6
[CO 01/1455] Continuously quoted securities ASIC Corporations (Disregarding Technical Relief) Instrument 2016/73 C2
[CO 02/138] Announcements to financial markets by holding companies about financial products other than securities ASIC Corporations (Market Research and Roadshows) Instrument 2016/79 C8
[CO 02/141] Experts: citing in Product Disclosure Statements ASIC Corporations (Consents to Statements) Instrument 2016/72 C1
[CO 02/143] Financial product   market research ASIC Corporations (Market Research and Roadshows) Instrument 2016/79 C8
[CO 02/145] Relief from exposure period: managed investment products able to be traded on a licensed financial market ASIC Corporations (Exposure Period) Instrument 2016/74 C3
[CO 04/671] Disclosure for on-sale of securities and other financial products ASIC Corporations (Sale Offers That Do Not Need Disclosure) Instrument 2016/80 C9
[CO 04/672] Extension of on-sale exemption ASIC Corporations (Disregarding Technical Relief) Instrument 2016/73 C2
[CO 07/428] Consent to quote:   Citing credit ratings, trading data and geological reports in disclosure documents and PDS ASIC Corporations (Consents to   Statements) Instrument 2016/72 C1
[CO 07/429] Consent to quote: Citing credit ratings agencies, trading data and geological reports in takeovers ASIC Corporations (Consents to Statements) Instrument 2016/72 C1
[CO 07/571] Disclosure exemption for rights issues ASIC Corporations (Disregarding   Technical Relief) Instrument 2016/73 C2
[CO 08/25] Sale offers within 12 months after controller sales ASIC Corporations (Sale Offers By Controllers) Instrument 2016/81 C10
[CO 08/35] Disclosure relief for   rights issues ASIC Corporations (Non-Traditional Rights Issues) Instrument 2016/84 C13
[CO 10/322] On-sale for convertible notes issued to   wholesale investors ASIC Corporations (Sale Offers: Securities Issued on Conversion of Convertible Notes) Instrument 2016/82 C11
[CO 13/523] Citation of experts   and consent to quote ASIC Corporations (Consents to   Statements) Instrument 2016/72 C1

Repealed class orders

Superseded class order CP 239 proposal
[CO 00/167] Relief from exposure period: profile statement D1
[CO 00/177] Fundraising exemption: NZ prospectuses D2
[CO 00/188] Solicitors mortgage investment companies D4
[CO 00/229] Solicitors mortgage investment companies D5
[CO 00/238] Dividend reinvestment plans D5

 

Last updated: 20/03/2024 01:54