Regulatory Alerts2007-06-26 | RG-086RG 86 Tracing beneficial ownership
The Australian Securities and Investments Commission issued this guide to explain how it exercises powers under the beneficial ownership tracing provisions of the Corporations Act 2001. It outlines the regulator's approach to requests for beneficial ownership details, the conditions for granting relief from disclosure directions, and the procedures for handling registers of such information. The document also details ASIC's enforcement approach regarding directions issued under Part 6C.2 and notes that relief applications must be submitted via the ASIC Regulatory Portal.
Reissued 26 June 2007
Previous version: See Superseded Policy Statement 86 [SPS 86] in the ASIC Digest
This guide explains how we will exercise our powers under the beneficial ownership tracing provisions (Pt 6C.2) of the Corporations Act 2001 .
It sets out:
how we approach requests that we direct a person to provide details about the beneficial ownership of securities
when we will grant relief from a direction to disclose beneficial ownership information
when we will pass on information about beneficial ownership and when we will grant relief from the requirements for registers of beneficial ownership information, and
our approach to the enforcement of directions issued under Pt 6C.2.
Note: From 27 July 2020, applications for relief should be submitted through the ASIC Regulatory Portal . For more information, see how you apply for relief .
Download RG 86 (PDF 106 KB)