ASIC to update and consolidate takeover guidance

15 November 2012

ASIC has released a consultation paper proposing to update and consolidate its takeover regulatory guidance. ASIC proposes to consolidate 17 existing regulatory guides, which represents the bulk of its policies covering Chapters 6-6C of the Corporations Act 2001 - which deal with takeovers - into 4 new guides covering topics including takeover bids, substantial holdings, and compulsory acquisition and buy-outs.

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