ASX released a Consultation Paper 'Simplifying,
clarifying and enhancing the integrity and efficiency of the ASX
listing rules' on 28 November 2018 seeking feedback on the
most significant proposed amendments to the ASX Listing Rules seen
in a long time. The last major update to the ASX listing rules was
in 2016 with a few limited amendments made to the reverse takeover
rules in 2017.
We set out below a high level overview of the key proposed
amendments affecting disclosure and reporting regimes, issue of
securities, shareholder meetings, notice of meeting disclosures and
admission requirements.
While many of the amendments seek to simplify and streamline
current processes, other amendments introduce more onerous
obligations on listed entities.
