AUSTRALIA: ASX Seeks Feedback on Proposed Listing Rule Amendments

Wednesday December 5 2018

ASX Limited (“ASX”) has recently released a consultation paper seeking feedback on a major package of proposed listing rule amendments. The proposed changes ASX is consulting upon can be grouped into 8 categories:

• improving market disclosures and other market integrity measures;
• making the rules simpler and easier to follow;
• making aspects of the listing process and ongoing compliance with the listing rules more efficient for issuers and for ASX;
• updating the timetables for corporate actions;
• enhancing ASX’s powers to operate the market and to monitor and enforce compliance with the listing rules;
• correcting gaps or errors in the listing rules;
• general drafting improvements , including removing redundant rules;
• and more better guidance.

Feedback on the consultation package is due by Friday, 1 March 2019. For more information regarding this article please click on the link above.

For more information in relation to this article please click on the link above.