Regulatory Alerts2026-04-07 | RG-125RG 125 Share and interest purchase plans
The Australian Securities and Investments Commission issued Regulatory Guide 125 to explain conditional relief allowing ASX-listed companies and managed investment schemes to offer shares or interests to existing holders without a prospectus or Product Disclosure Statement. This guidance applies to listed entities, their advisers, and investors involved in share purchase plans and interest purchase plans. The relief facilitates direct offers to current holders while maintaining regulatory oversight through specific conditions outlined in the guide.
Issued 30 August 2019
This guide is for:
ASX-listed companies, their advisers and investors involved in offers of shares under share purchase plans, and
ASX-listed managed investment schemes, their advisers and investors involved in offers of interests under interest purchase plans.
It explains the conditional relief we have given to allow offers of shares or interests to existing holders without a prospectus or a Product Disclosure Statement (PDS).
Download RG 125 (PDF 529 KB)