First published 23 May 2018
Final date for submissions
5pm, Wednesday 13 June 2018
(this consultation has concluded)
|E-mail for submission||[email protected] (please use the title of the consultation paper for the subject line)|
17 December 2018
Following our consultation, there is now an exemption in place. The notice provides exemptions for offers of financial products of the same class as ASX-quoted financial products in cases where the ASX-listed issuer has a secondary listing with NZX on an equivalent basis as the same class offers exclusion in Schedule 1 of the FMC Act, with modifications that enable Australian issuers operating under Australian regulatory requirements to give cleansing notices to ASX and NZX.
If you have questions, please contact us at [email protected]
We are consulting on our proposed exemption to allow for same class offers of ASX-quoted financial products of ASX/NZX-listed issuers on an equivalent basis as the same class offers exclusion in Schedule 1 of the FMC Act.
We propose an exemption from Part 3 (Disclosure) and Part 4 (Governance) of the FMC Act accompanied by a term stating that offers made in reliance on the exemptions will not be regulated offers.
It will apply to ASX-quoted products of ‘exempt issuers’ that are on ASX’s Official List and have a secondary listing with NZX.
Please send your feedback to [email protected] (please use the title of the consultation paper for the subject line).
Submissions closed 5pm, Wednesday 13 June 2018.