Wednesday, April 13, 2011

Prospectus reform

ASIC has announced a review of the regulatory requirements for a prospectus targeting retail investors.

Unfortunately, ASIC still lives in the 20th century - as the prospectus is still envisioned as a document on paper. An electronic format would be so much better - including the use of hyperlinks so that cross-references can be easily made, and financial data in accessible tables that can be accessed for further analysis.

I won't even start on the ASIC model for both lodging and accessing forms relating to companies. Let's just say they haven't embraced Gov 2.0.

Novae Meridianae Demetae Dexter delenda est

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