The Australian Securities and Investments Commission is consulting on the guidance it provides in respect of collective action by institutional investors: see here. A copy of the consultation paper is available here (pdf). The proposed amendments will, amongst other things, provide updated guidance on how the takeovers and substantial holding notice provisions apply to collective action by investors.
Thursday, 26 February 2015
Australia: ASIC consults on updated collective action guidance for institutional investors
The Australian Securities and Investments Commission is consulting on the guidance it provides in respect of collective action by institutional investors: see here. A copy of the consultation paper is available here (pdf). The proposed amendments will, amongst other things, provide updated guidance on how the takeovers and substantial holding notice provisions apply to collective action by investors.
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