Regulatory Alerts2011-04-15 | RG-222RG 222 Substantial holding disclosure: Securities lending and prime broking
The Australian Securities and Investments Commission issued Regulatory Guide 222 to improve the disclosure of substantial holdings arising from securities lending and prime broking activities. The guide explains how the concept of relevant interests under sections 608 and 609 of the Corporations Act 2001 applies to these activities and details ASIC's modifications to substantial holding disclosure requirements in section 671B. These modifications are designed to facilitate better compliance and ensure useful information is disclosed to the market within required timeframes.
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