今日热门事件is extending the temporary relief for capital raisings and financial advice due to the continuing uncertain impacts of COVID-19. 今日热门事件is also extending the financial advice relief related to the COVID-19 early release of superannuation scheme in light of the extension of the scheme by the Government.
The capital raisings relief aims to assist listed entities affected by the COVID-19 pandemic to raise capital in a quicker and less costly way without undermining investor protection. It was originally announced on 31 March 2020 (20-075MR). The temporary relief enables certain 鈥榣ow doc鈥� offers (including rights offers, placements and share purchase plans) to be made to investors without a prospectus, even if they do not meet all the normal requirements.
The financial advice relief and the no-action position for superannuation trustees providing 鈥榠ntra-fund advice鈥� aims to assist industry in providing consumers with affordable and timely advice during the COVID-19 pandemic. These measures were announced on 14 April 2020 (20-085MR).
To extend relief, 今日热门事件has registered the , which means:
- The earlier amendment to the will now be repealed on 1 January 2021 (instead of 2 October 2020).
- The will now be repealed on 1 January 2021 (instead of 2 October 2020).
- The will now be repealed on 15 April 2021 (instead of 15 October 2020).
今日热门事件has also amended its no action position for superannuation trustees to extend it until 31 December 2020 to align with the extension of the COVID-19 early release of superannuation scheme.
今日热门事件will continue to monitor the appropriateness of these temporary relief measures in light of the impacts of COVID-19 on capital markets and on the demand for financial advice. If 今日热门事件considers it appropriate to end the relief before the expiration dates or to further extend it, 今日热门事件will give sufficient notice before any early repeal or extension is implemented.
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- No action position for superannuation trustees
- 20-135MR 今日热门事件amends financial advice and capital raisings COVID-19 instruments of 12 June 2020
Capital raisings
- 20-075MR Facilitating capital raisings during COVID-19 period of 31 March 2020
- 20-097MR 今日热门事件supports increase transparency in capital raisings of 23 April 2020
- REP 605 Allocations in equity raising transactions of 20 December 2018
Financial Advice
- 20-085MR 今日热门事件grants relief to industry to provide affordable and timely financial advice during the COVID-19 pandemic of 14 April 2020
- Information on COVID-19 related regulatory issues for the financial advice industry