Regulatory Alerts2007-02-23 | RG-188RG 188 Disclosure in reconstructions
The Australian Securities and Investments Commission issued Regulatory Guide 188 to explain how prospectus provisions of the Corporations Act 2001 apply to reconstructions or capital reductions involving securities. The guide details the specific prospectus, technical, and disclosure relief provided for such transactions, including those involving managed investment schemes. It also notes that applications for relief must be submitted through the ASIC Regulatory Portal as of July 2020.
Issued 23 February 2007
This guide explains:
how the prospectus provisions of the Corporations Act 2001 apply to reconstructions or capital reductions involving the issue or transfer of securities
what prospectus relief we give for reconstructions involving the issue or transfer of securities
what technical relief we give for a prospectus or Product Disclosure Statement (PDS) accompanying an invitation to vote on an issue or transfer of securities or interests in a managed investment scheme
what disclosure relief we give for Pt 5.1 schemes or foreign schemes involving the issue of interests in a managed investment scheme.
Download RG 188 (PDF 106 KB)
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 .
Read the regulation impact statement (PDF 198 KB)