ASIC releases new instrument for buy-backs for ASX-listed schemes and updates guidance for scheme buy-backs

ASIC has released a new legislative instrument regarding on-market buy-backs of ASX-listed schemes, replacing the class order due to expire (‘sunset’) on 1 April 2018.

ASIC has replaced Class Order [CO 07/422] with the new legislative instrument ASIC Corporations (ASX-listed Schemes On-market Buy-backs) Instrument 2016/1159. Class Order [CO 07/422] has been repealed by ASIC Corporations (Repeal) Instrument 2016/1209.

ASIC has also updated Regulatory Guide 101 Managed investment scheme buy-backs (RG 101) to include ASIC’s broader policy on managed investment scheme buy-backs, in addition to ASIC’s policy on market buy-backs by ASX-listed schemes.

The new instrument and updated regulatory guidance follows a public consultation released 12 October 2016. In Consultation Paper 269, Remaking ASIC class order on managed investment scheme buy-backs and updating related guidance, ASIC sought feedback on its proposals to remake, without significant changes, Class Order [CO 07/422] and on draft updates to Regulatory Guide 101.

Related News


ASIC releases new instrument for buy-backs for ASX-listed schemes and updates guidance for scheme buy-backs


Send this to a friend

Subscribe to LeapRate
Fill out the form below for more information
for lising in LeapRate's Forex Yellow Pages

Please enter the company name, email address to reach you and phone # (optional):

Please fill out the message field to the right for any questions or special inquiry: