ASIC has released a report (Report 127: Debentures – Improving disclosure for retail investors) presenting
the findings of a review into disclosures made by each of the unlisted,
unrated debenture issuers against the new disclosure regime.
The disclosures are based on benchmarks on issues ranging from equity capital levels to enhanced transparency of valuations.
Each issuer has, or is in the process of, providing
all its investors with a specific report for their investment on how it
meets the benchmarks in ASIC’s Regulatory Guide 69 Debentures – Improving Disclosure for Retail Investors on an ‘if not, why not’
basis.