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International Law
: Australian Regulatory Compliance ReviewASIC share purchase plan relief
By David Jacobson
ASIC has released changes to Class Order [CO 09/425], which provides prospectus and product disclosure statement relief for share and interest purchase plans.
Under the changes, investors holding shares through structures such as investor-directed portfolio services and superannuation master trusts, or who hold shares through structures involving two or more levels of custodians, will now be able to participate in share purchase plans.
Regulatory Guide 125 Share purchase plans has been updated to reflect the changes to Class Order [CO 09/425].
Full post as published by Australian Regulatory Compliance Review on March 14, 2010 (boomark / email).
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