CP 387 Enhanced beneficial ownership disclosure: Proposed legislative instrument, form and guidance

Released 10 March 2026. Comments due 21 April 2026.

This consultation paper seeks feedback on ASIC’s draft:

• ASIC Corporations (Listed Enhanced Beneficial Ownership Disclosure) Instrument 2026/XXX
• ‘Substantial Holding Notice’, and
• amended Regulatory Guides 5, 9 and 222.

Downloads

• CP 387 (PDF 567 KB)
• Attachment 1: Draft ASIC Corporations (Listed Entities Enhanced Beneficial Ownership) Instrument 2026/XX (PDF 342 KB)
• Attachment 2: Draft ‘Substantial Holding Notice’ (PDF 842 KB)
• Attachment 3: Draft updated Regulatory Guide 5 Relevant interests and deemed economic interests (PDF 2.1 MB)
• Attachment 4: Draft updated Regulatory Guide 9 Takeover bids (PDF 2.6 MB)
• Attachment 5: Draft updated Regulatory Guide 222 Substantial holding disclosure and tracing requirements (PDF 1.1 MB)

Feedback on CP 387

Released 30 July 2026.

We received 23 submissions, including 6 confidential submissions, on our proposals to make the draft instrument, introduce the Substantial Holding Notice, and update RG 5 and RG 222. We received no submissions about our proposal to update RG 9. We have summarised key feedback we received and our responses.

Summary of feedback to CP 387 and ASIC’s response (PDF 424 KB)

Related Links

• ASIC paves the way for greater transparency of listed entity ownership and control
• ASIC consults on proposals to bolster transparency on ownership and control of listed entities