October 18, 2016 BY Valentina Kirilova

ASIC remakes ‘sunsetting’ class order on rights issue notifications and repeals ‘sunsetting’ class order on money market deposits

ASIC has made a new legislative instrument to replace Class Order [CO 02/225] Rights issue notifications, which was due to expire (‘sunset’) on 1 April 2017. The new legislative instrument is ASIC Corporations (Renounceable Rights Issue Notifications) Instrument 2016/993. The instrument has substantially the same effect as [CO 02/225]. It provides relief from certain sections…

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