Preparing for the upcoming listing rule changes

by Kevin Lewis Chief Compliance Officer, ASX Group
  • Major changes to the ASX Listing Rules and related ASX guidance come into effect on 1 December 2019.
  • For quarterly reporters, there are significant changes that will apply with effect from the report for the quarter ending 31 March 2020.
  • Those responsible for communication with ASX in relation to Listing Rule matters who are appointed on or after 1 July 2020 must have completed an approved education course and examination covering listing rule compliance matters.

ASX

On 28 November 2018, ASX released a major consultation paper Simplifying, clarifying and enhancing the integrity and efficiency of the ASX listing rules proposing a significant number of changes to the Listing Rules (‘LR’) to:

  • improve market disclosures and market integrity
  • make the LR simpler and easier to follow
  • introduce efficiencies
  • update the timetables for corporate actions
  • enhance ASX’s powers to monitor and enforce compliance, and
  • correct gaps or errors in the LR,

along with a number of new and updated Guidance Notes (‘GN’).

ASX received 48 submissions in the consultation.

On 10 October 2019, ASX released a detailed consultation response, with 171 pages of LR changes, five amended LR appendix forms, and six new and 12 updated GNs. These documents are available at: https://www.asx.com.au/regulation/public-consultations.htm.

 

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