Regulatory Alerts2020-06-19 | RG-261RG 261 Crowd-sourced funding: Guide for companies
The Australian Securities and Investments Commission issued this guide to assist companies seeking to raise funds through the crowd-sourced funding regime under the Corporations Act. It details eligibility criteria for making share offers alongside specific disclosure, reporting, audit, and corporate governance obligations for both public and proprietary companies. The document also notes that applications for relief must be submitted via the ASIC Regulatory Portal starting from 27 July 2020.
Issued 19 June 2020
This guide is for companies seeking to raise funds through crowd-sourced funding.
This guide explains when a company is eligible to make an offer of shares under the crowd-sourced funding (CSF) regime in the Corporations Act and what obligations, including disclosure obligations, apply.
This guide also explains the reporting, audit and corporate governance requirements that apply to public companies and proprietary companies making CSF offers.
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 guide (PDF 1.9 MB)
Download the offer template (DOCX 90 KB)