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ASIC reports on corporate finance regulation

ASIC has published its seventh report on the regulation of corporate finance issues in Australia.

The report, which covers the period January to June 2017, provides companies and their advisers with insights into ASIC’s regulatory approach in the corporate finance sector to assist them in carrying out their associated legal and compliance obligations. It also demonstrates the important role ASIC plays in facilitating business transactions in Australia while ensuring that the protection of the investing community is maintained.

Report 539 ASIC regulation of corporate finance: January to June 2017 (REP 539) provides statistical data, highlights key focus areas, and includes relevant guidance about ASIC’s regulation of:

  • fundraising transactions
  • mergers and acquisitions
  • corporate governance issues
  • related party transactions
  • financial reporting.

It details the approach ASIC takes in these areas, including the types of issues that have caused us to intervene and our response to novel issues seen in transactions during the period. The report also provides an overview of ASIC’s current policy initiatives in this space.

This seventh report sets out information on the imminent implementation of the industry funding model for ASIC. It also provides information on the new regime for crowd-sourced funding by public companies and highlights our regulatory initiatives regarding emerging market issuers, initial public offerings and financial reporting for the year ended 30 June 2017.

Read the report here.

Licensed from the Commonwealth of Australia under a Creative Commons Licence.
The Commonwealth of Australia does not necessarily endorse the content of this publication.