In line with ASIC’s approach to refocus its regulatory efforts on challenges created by the COVID-19 pandemic, ASIC is helping listed companies raise capital quickly by giving temporary relief to enable certain ‘low doc’ offers (including rights offers, placements and share purchase plans) to be made to investors, even if they do not meet all the normal requirements. This will assist companies that need to raise funds from investors urgently because of the impact of COVID-19. 

Please see the recent ASIC media release for further details or get in touch with a member of the Sierra Legal team.

https://asic.gov.au/about-asic/news-centre/find-a-media-release/2020-releases/20-075mr-facilitating-capital-raisings-during-covid-19-period/