CP 225 Remaking ASIC class orders on offers of foreign securities
Released 11 December 2014. Comments close 9 February 2015.
This consultation paper sets out ASIC’s proposals to remake class orders relating to Regulatory Guide 72 Foreign securities prospectus relief (RG 72). Under the Legislative Instruments Act 2003 these class orders will expire (‘sunset’) if not remade.
We are seeking feedback on our proposals to remake into ASIC instruments the following class orders:
- [CO 00/178], [CO 00/180], [CO 00/183], [CO 00/214] (due to expire on 1 October 2016);
- [CO 00/179], [CO 02/144], [CO 02/150] and [CO 07/9] (due to expire on 1 April 2017);
- [CO 02/263] (due to expire on 1 April 2018); and
- [CO 09/68] (due to expire on 1 October 2019).
We are also seeking feedback on our proposals to allow [CO 00/181] and [CO 00/185] to expire on their sunset date of 1 October 2016.
We are proposing to make consequential amendments to RG 72 as a result of our updates to the associated class orders.