An offer of securities to investors cannot proceed until a disclosure document has been lodged with:
A)the ASX.
B)APPRA.
C)ASIC.
D)all of the given options.

Question

Quizplus · Accepted Answer

The disclosure document is necessary to provide investors with sufficient information to make an informed decision about whether or not to invest. ASIC is responsible for reviewing and approving the disclosure document, so option C is the correct choice. Options A and B are not applicable as the ASX is only involved in the listing of securities, and APPRA is not a regulatory body responsible for the approval of disclosure documents.

An Offer of Securities to Investors Cannot Proceed Until a Disclosure