ASIC has released four new regulatory guides updating and consolidating its policies on takeovers.

The new regulatory guides cover takeover bids, substantial holdings, compulsory acquisition and buy-outs.

The guides consolidate the bulk of ASIC’s policies that cover Chapters 6-6C of the Corporations Act 2001. The new guides are:

• Regulatory Guide 5 Relevant Interests and substantial holding notices (RG 5)
• Regulatory Guide 6 Takeovers: Exceptions to the general prohibition (RG 6)
• Regulatory Guide 9 Takeovers bids (RG 9)
• Regulatory Guide 10 Compulsory acquisition and buyouts (RG 10).