Full disclosure for Australia’s capital-markets issuance regime

The Australian market moved a step closer to a formalised best practice for deal disclosure on 15 May when the Australian Financial Markets Association (AFMA)’s credit product committee released a market notice recommending guidelines to be followed by market participants. Dealers tell KangaNews market practice has substantially coalesced around the guidelines though with no enforcement power it remains to be seen whether they will be followed universally.