ASIC Corporations Instrument 2026/96 on Convertible Notes
Summary
The Australian Securities and Investments Commission (ASIC) has issued ASIC Corporations Instrument 2026/96, which provides relief concerning sale offers for securities issued upon the conversion of convertible notes. This instrument is authorised by the Corporations Act 2001.
What changed
ASIC Corporations Instrument 2026/96 provides specific regulatory relief related to sale offers for securities that are issued when convertible notes are converted. This instrument, authorised under the Corporations Act 2001, clarifies the conditions under which such offers can be made without requiring a full disclosure document, thereby streamlining the process for companies and investors involved in convertible note conversions.
Companies that issue securities upon the conversion of convertible notes should review this instrument to ensure compliance with its provisions. The instrument likely offers exemptions or modified disclosure requirements, allowing for more efficient capital raising and secondary market transactions. Compliance officers should verify that their processes for handling convertible note conversions align with the conditions outlined in this instrument to avoid potential regulatory breaches.
Source document (simplified)
- Interactions
ASIC Corporations (Sale Offers: Securities Issued on Conversion of Convertible Notes) Instrument 2026/96
In force Administered by
- Department of the Treasury
This item is authorised by the following title:
- Corporations Act 2001 Latest version F2026L00346 25 March 2026
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