Changes To Securities Laws From 1 October 2009 - A Quick Summary

The Securities Regulations 2009 come into effect on 1 October 2009. In addition to introducing regulation for simplified disclosure prospectuses (allowing a simpler disclosure document for listed issuers), there are a number of other important changes that will affect all issuers.

From 1 October the 2009 regulations will replace the 1983 regulations (although issuers can elect to comply with the old regulations, on a transition basis, until 30 June 2010).

Issuers updating offer documents under the new regulations, should thoroughly check any investment statement and prospectus against the amended schedules in the 2009 regulations as there are a number of detailed changes to the content.