RG 253 Fundraising: Facilitating offers of CHESS Depository Interests
Issued 13 October 2014
This is a guide for foreign companies listed on Australian financial markets, their advisers, and other persons involved in offers of CHESS depository interests (CDIs) over securities of a foreign company. It explains:
- how our relief in Class Order [CO 14/827] Offers of CHESS Depository Interests modifies the disclosure provisions in Ch 6D and gives relief from the licensing provisions in Pt 7.6 of the Corporations Act 2001 to facilitate offers of CDIs over underlying foreign securities
- when we will consider granting individual relief to facilitate offers of CDIs, and
- how to provide effective disclosure for offers of CDIs.