ASIC has issued Consultation Paper 143: Expert reports and independence of experts: Update to RG111 and RG112. In CP143 ASIC proposes changes to its two regulatory guides dealing with content of expert reports (RG111) and independence requirements for experts (RG112).
Key proposals for changes to RG111 include:
In relation to independence, proposed changes to RG112 include:
ASIC was seeking submissions by 17 December 2010, with a view to issuing updated regulatory guides in March 2011. Download the Consultation Paper here.
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