ASX Listing Rules Simplification
On Oct. 10, ASX issued feedback and rules on simplified listing.
- ASX issued response to submissions re consultation on listing rules, see #49941.
- Also published final changes along with marked-up comparison with consulted version.
- Most responses largely supportive of, or expressed no objections to or comments on, vast majority of proposed changes to rules and guidance in the consultation package.
- Guidance Consulted On
- Issued mark-ups of the changes ASX is making to consultation versions of following:
- GN 1 Applying for Admission – ASX Listings
- GN 11 Restricted Securities and Voluntary Escrow
- GN 12 Significant Changes to Activities
- GN 13 Spin-outs of Major Assets
- GN 21 The Restrictions on Issuing Equity Securities in Chapter 7 of the Listing Rules
- GN 24 Acquisitions and Disposals of Substantial Assets Involving Persons in a Position of Influence
- GN 25 Issues of Equity Securities to Persons in a Position of Influence.
- Further Guidance
- Also published mark-ups of the changes ASX is making to the existing versions of the following guidance notes, which were not included in the consultation package:
- GN 4 Foreign Entities Listing on ASX
- GN 5 CHESS Depositary Interests (CDIs)
- GN 17 Waivers and In-Principle Advice
- GN 19 Performance Shares
- GN 20 ASX Online
- GN 23 Quarterly Reports
- GN 29 Applying for Admission – ASX Debt Listings
- GN 30 Notifying an Issue of Securities and Applying for Their Quotation
- GN 34 Naming Conventions for Debt and Hybrid Securities.
- Issued mark-up of changes ASX is making to Apr. 15, 52019 version of GN 33 Removal of Entities from the ASX Official List and a new GN 35 Security Holder Resolutions.
- Appendices Consulted On
- Mark-ups of changes made to consultation versions of listing rule appendices:
- Appendix 1A Application for Admission to the ASX Official List (ASX Listing)
- Appendix 1B Application for Admission to the ASX Official List (ASX Debt Listing)
- Appendix 1C Application for Admission to the ASX Official List (ASX Foreign Exempt Listing).
- Further Appendices Updated
- Issued mark-ups of the changes ASX is making to the existing versions of the following Listing Rule Appendices, which were not included in the consultation package:
- Appendix 4C Quarterly Cash Flow Report for Entities Subject to Listing Rule 4.7B
- Appendix 5B Mining Exploration Entity and Oil and Gas Exploration Entity Quarterly Cash Flow Report.
- Subject to necessary regulatory approvals, final rule changes effective Dec. 1, 2019.
- Exceptions are changes to requiring person appointed for communication with ASX to have approved education, and changes to appendix 4C/5B quarterly cash flow reports.
||B/D; Bank; Corp; Depo; Exch
||PR, RSP, FS, GD, GN 1, GN 4, GN 5, GN 11, GN 12, GN 13, GN 17, GN 19, GN 20, GN 21, GN 23, GN 24, GN 25, GN 29, GN 30, GN 33, GN 34, GN 35, 10/10/2019
||Compliance; Financial; Legal; Operations; Reporting; Settlement; Trade Reporting; Trading
||Clearing; Equity; Fixed Income; Issuance/IPO; Securities; Short Sale; Stock Lending
|Reg. Last Update
Last substantive update on 10/11/2019