13RU-002 Operating and financial review disclosures in directors' report
13RU-002 Operating and financial review disclosures
This Reporting Update overviews ASIC’s Regulatory Guide 247 on the preparation of a financial review by listed entities under s299A of the Corps Act.
Key insights
- ASIC has issued final guidance on preparing operating and financial reviews by listed entities.
- Principles based guidance to improve the effectiveness of OFRs.
- Guidance on how to apply the unreasonable prejudice exemption from disclosing strategies and prospects.
- ASIC does not expect OFRs to contain same level of information as a prospectus.
- Applies for 30 June 2013.
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