ASIC Releases Guidance To ASX Listed Entities on Analyst and Investor Briefings

ASIC has today released ASIC Report 393: Handling of Confidential Information, which deals with the release of confidential information by ASX listed entities in investor and analyst briefings and unannounced corporate transactions. You may recall that in July 2013, ASIC made overtures about sitting in on investor briefings to crack down on their potential to leak … More ASIC Releases Guidance To ASX Listed Entities on Analyst and Investor Briefings

1 June 2014 commencement date confirmed for new AML/CTF rules

Last week we released a blog describing in some detail the proposed changes to the AML/CTF Rules in relation to Customer Due Diligence (CDD), and the likely impact of these changes once registered by AUSTRAC. Call it karma, call it fate, but fast-forward a few days and the amended AML/CTF Rules have now been registered … More 1 June 2014 commencement date confirmed for new AML/CTF rules

Are you prepared for the new AML/CTF compliance obligations?

As we already find ourselves mid-way through May we would have liked to have begun this blog by confirming that the proposed (and quite extensive) changes to the AML/CTF Rules have been registered. However, although the proposed changes contain a 1 June commencement date, these changes are yet to be finalised and registered. The changes … More Are you prepared for the new AML/CTF compliance obligations?

ASX Corporate Governance disclosures get more serious… and easier

The ASX last week released its third edition of its Corporate Governance Principles and Recommendations (CGPRs), which include a raft of new recommendations including the requirement for listed entities to place a greater focus on risk management. New Recommendations commence from 1 July 2014 The CGPRs, which will take effect for a entity’s first full financial … More ASX Corporate Governance disclosures get more serious… and easier

When is an investor sophisticated enough not to require a PDS?

When is an investor considered sophisticated enough not to require a product disclosure statement (PDS)? The Corporations Act states that a share offer to a sophisticated investor does not require a PDS when the minimum amount payable for the securities “on acceptance” is at least $500,000. A recent Supreme Court of Victoria decision examined the … More When is an investor sophisticated enough not to require a PDS?

Major Risk Management Changes Proposed for ASX Listed Entities

If you are involved in the management of an ASX Listed Entity you will undoubtedly be aware of the proposed amendments to the Corporate Governance Principles and Recommendations (ASX CGPRs) that are due to commence on 1 July 2014, as well as proposed amendments to the ASX Listing Rules. Summary of Proposed Changes The changes … More Major Risk Management Changes Proposed for ASX Listed Entities

Update for ASX-listed Entities – August 2013

This blog highlights some of the key ASX disclosure issues relevant at this time of the year when many ASX-listed entities are revealing their 30 June financial results and preparing their 2013 annual reports. Preliminary 30 June financial results With the end of August deadline fast approaching, it’s understandable that most listed entities are focused … More Update for ASX-listed Entities – August 2013

ASX Reminder – New Continuous Disclosure Rules Start 1 May

Following several months of public consultation, the ASX has now released the final changes to the continuous disclosure rules for listed entities. These changes relate to both the Listing Rules 3.1 – 3.1B but more substantially the ASX Guidance Note 8 on the topic. This is the first revision of ASX Guidance Note 8  since … More ASX Reminder – New Continuous Disclosure Rules Start 1 May