The Australian Securities and Investments Commission has published an updated edition of Regulatory Guide 128 - Collective Action by Investors: see here (pdf). The guidance is intended for investors wanting to cooperate with each other in relation to their investment in a listed company or managed investment scheme. The guidance has been published by ASIC for two reasons: (1) to encourage collective action that can promote improvements in corporate governance for the long-term benefit of the entity; and (2) to deter investors from taking action that is inconsistent with the letter or spirit of the takeover and substantial holding provisions within the Corporations Act 2001.
Friday, 26 June 2015
Australia: ASIC guidance - collective action by investors
The Australian Securities and Investments Commission has published an updated edition of Regulatory Guide 128 - Collective Action by Investors: see here (pdf). The guidance is intended for investors wanting to cooperate with each other in relation to their investment in a listed company or managed investment scheme. The guidance has been published by ASIC for two reasons: (1) to encourage collective action that can promote improvements in corporate governance for the long-term benefit of the entity; and (2) to deter investors from taking action that is inconsistent with the letter or spirit of the takeover and substantial holding provisions within the Corporations Act 2001.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment