ASIC Corporations Instrument 2026/104, effective March 26, 2026, designates specific foreign markets as approved for buy-back and takeover transactions under Australia's Corporations Act 2001. This legislative instrument, authorized by the Australian Securities and Investments Commission Act 2001 and the Corporations Act 2001, aims to streamline cross-border corporate transactions by clarifying which overseas markets meet regulatory approval.

This rule is primarily of interest to public companies and their legal counsel involved in mergers, acquisitions, and share buy-back programs that may involve international markets. Compliance officers should review the specific foreign markets listed in the instrument to ensure any relevant transactions are conducted in accordance with the approved jurisdictions. No immediate compliance actions are mandated beyond understanding the scope of approved markets for future transactions.