On 19 November 2020, ASX released Compliance Update no. 10/20 to announce the expiry, on 30 November 2020, of the temporary capital raising relief measures that had been introduced to assist ASX-listed entities affected by the COVID-19 pandemic to undertake emergency capital raisings.

Previously, these capital raising relief measures had been updated with effect from 23 April 2020, extended until 30 November 2020, and further updated on 15 September 2020 as a result of the ongoing stabilisation in market conditions.

However, following recent consultations by ASX with ASIC and other industry stakeholders, ASX confirmed in Compliance Update no. 10/20 that the temporary capital raising relief measures will expire on 30 November 2020.

A listed entity seeking to rely on these capital raising relief measures is required to (among other things):

• announce the capital raising to the market on or before 30 November 2020; and
• give written notice to ASX (not for release to the market) about the proposed capital raising, with ASX to then acknowledge by written notice that the entity is entitled to rely on the capital raising relief measures.

A copy of Compliance Update no. 10/20 can be found here.