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.
Issued 15 April 2011
This guide is for persons who engage in securities lending and prime broking activities. It:
seeks to improve disclosure of substantial holdings that may arise from participation in securities lending or prime broking
explains how the concept of relevant interests in s608 and 609 and the substantial holding disclosure requirements in s671B of the Corporations Act 2001 apply to securities lending and prime broking, and
explains how ASIC has modified the substantial holdings disclosure requirements for securities lending and prime broking to allow improved compliance with the requirements and facilitate better disclosure of useful information to the market within the required timeframes.
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 222 (PDF 203 KB)