The Australian Securities and Investments Commission (ASIC) has several enforcement options available to it where a company breaches its continuous disclosure obligations by not promptly disclosing price sensitive information. The most recent enforcement option made available to ASIC is the use...

This paper reports the results of a study of disclosure of loans made by listed Australian companies to their directors. Thirty six percent of the surveyed companies disclosed outstanding loans to directors. The author explores the implications of the results of the study, noting that the...

The Australian Securities and Investments Commission (ASIC) regards continuous disclosure by listed companies as “fundamental to market integrity” and “a central tenet of fair and efficient financial markets”. Given the importance placed upon the continuous disclosure laws, there is,...

This article analyses the international trend towards the adoption of short-form disclosure documents for retail financial products through a comparison of six jurisdictions: the European Union, Australia, Hong Kong, Singapore, Canada and New Zealand. For the purposes of the analysis,...

Recent years have seen a trend in many countries towards the adoption of short-form disclosure documents for the sale of financial products (ie, disclosure documents in respect of which the maximum page length is prescribed, either on a mandatory or recommended basis). This trend has been driven...

Recent years have seen a trend in many jurisdictions towards the adoption of short-form disclosure documents for retail financial products. This paper analyses the challenges and trends in relation to short-form disclosure documents from a comparative perspective. Developments in the following...