The Corporations Amendment (Simple Corporate Bonds and Other Measures) Act 2014 introduced, among other measures, a streamlined disclosure regime, through a 2‑part prospectus, for offers of simple retail corporate bonds. While the Corporations Act 2001 (the Act) sets out the framework for the 2-part prospectus, the structure and content of the 2‑part prospectus is to be specified by regulations.
The attached exposure draft regulations (and associated draft explanatory statement) seek to amend the Corporations Regulations 2001 to give effect to the required structure and content of the 2-part prospectus for simple retail corporate bonds.
A pro-forma 2-part document is also attached, to assist interested parties in considering the structure and content requirements contemplated. Please note that this document is provided for discussion purposes only, and ASIC will review each 2-part prospectus for compliance with the Act and the final regulations in accordance with its usual practice.