Jurisdiction - Australia
Reports and Analysis
Australia – Governance Update: ASIC Publishes First Report On Corporate Finance.

12 September, 2014



On 1 September 2014, ASIC published the first of a series of reports it intends issuing on the regulation of corporate finance issues in Australia.


The first of this series is Report 406 ASIC regulation of corporate finance: January to June 2014 (the Report). These reports are intended to provide companies and their advisers with insights into ASIC’s regulatory approach in the corporate finance sector and assist them with their associated legal and compliance obligations.


Each report will include statistical data, discussion of key focus areas, and relevant guidance on ASIC’s regulation of:


  • fundraising transactions;
  • mergers and acquisitions;
  • corporate governance issues;
  • financial reporting; and
  • share buy-backs.


The reports will detail the approach ASIC has taken to its market intervention and its approach to novel issues it has seen in mergers and acquisitions transactions. Further, the reports will provide an overview of ASIC’s current policy initiatives.


ASIC Commissioner John Price said:


“The report[s] offers a useful resource in understanding ASIC’s decision-making and complements a variety of other means ASIC employs to connect with its key stakeholders. These include direct liaison, speeches and presentations and ASIC’s twice-yearly Corporate Finance Liaison meetings in capital cities around Australia.”


The full text of the Report can be downloaded here.


Clyde & Co


For further information, please contact:


Jenny Thornton, Partner, Clyde & Co

[email protected]


Tim Searle, Clyde & Co

[email protected]


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