Regulatory Alerts2024-03-26 | RG-005RG 5 Relevant interests and substantial holding notices
The Australian Securities and Investments Commission issued Regulatory Guide 5 to assist investors and advisers in understanding relevant interests under the Corporations Act 2001. The guide explains the disclosure requirements for persons acquiring or maintaining substantial holdings in listed companies and managed investment schemes. It also outlines ASIC’s class order modifications to the relevant interest and substantial holding provisions.
Issued 27 March 2024
This guide is for investors who acquire an interest in the securities of a company or managed investment scheme, and their advisers. It:
discusses the concept of a ‘relevant interest’ and various issues a person must consider in determining whether they have a relevant interest in securities under the Corporations Act 2001 (Corporations Act),
explains the requirement for a person to disclose the relevant interest in voting shares and voting interests that they and their associates have when they acquire or maintain a substantial holding in a listed company, body or managed investment scheme, and
outlines ASIC’s class order modifications to the relevant interest and substantial holding provisions.
Download the guide (PDF 907 KB)
See Cross-references to June 2013 takeover regulatory guidance for information about consolidation of previous guidance.