---
title: "Build the investor eligibility record for an offer made without disclosure"
url: "https://ailawframework.com/practice/capital-markets-and-securities-ecm-dcm-and-disclosure/build-the-investor-eligibility-record-for-an-offer-made-without-disclosu"
type: "task"
site: "AI Law Framework"
id: "A4-X20260927-2"
practice_area: "Capital Markets & Securities — ECM/DCM and Disclosure"
tier: "green"
lawyer_review: "required"
last_reviewed: "2026-10-22"
---

# Build the investor eligibility record for an offer made without disclosure

> Draft the eligibility schedule from the allocation list and the evidence folder against the exemption the lawyer has selected for each investor, and list every missing certificate, expired confirmation and investor…

Canonical page: https://ailawframework.com/practice/capital-markets-and-securities-ecm-dcm-and-disclosure/build-the-investor-eligibility-record-for-an-offer-made-without-disclosu  
Last reviewed: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Capital Markets & Securities — ECM/DCM and Disclosure](https://ailawframework.com/practice/capital-markets-and-securities-ecm-dcm-and-disclosure.md) |
| Human involvement | Green: AI drafts, lawyer checks |
| How AI is used | Draft the eligibility schedule from the allocation list and the evidence folder against the exemption the lawyer has selected for each investor, and list every missing certificate, expired confirmation and investor offered before the evidence was held. |
| What the lawyer must review | The lawyer selects the exemption for each investor, tests the evidence against the provision relied on, and confirms no offer preceded the evidence before any allocation is confirmed. |
| Written for / versions | 1 jurisdiction versions below |

## Checking plan

**Lawyer review required**

The responsible lawyer reviews the work against the instructions, sources and intended use.

- What the AI does: Draft the eligibility schedule from the allocation list and the evidence folder against the exemption the lawyer has selected for each investor, and list every missing certificate, expired confirmation and investor offered before the evidence was held.
- What the lawyer does: The lawyer selects the exemption for each investor, tests the evidence against the provision relied on, and confirms no offer preceded the evidence before any allocation is confirmed.
- Who reviews: Responsible lawyer with competence in the matter
- Basis: Practical workflow informed by the linked primary sources; the traffic light and working checks are editorial guidance, not a court classification.
- Why: The level reflects what the work is, the consequence of an error, and how much of the output the lawyer must independently re-derive.

## Checks the lawyer makes

1. Confirm the instructions, the jurisdiction and the complete relevant material before starting.
2. The lawyer selects the exemption for each investor, tests the evidence against the provision relied on, and confirms no offer preceded the evidence before any allocation is confirmed.
3. Check the output against the source documents named in it before it is relied on.

## Notes

- These are suggested working checks. Confirm the required checking with the responsible lawyer before work starts; the checking approach does not establish permission to use AI.

## Sources

- [https://www.legislation.gov.au/C2004A00818/latest/text](https://www.legislation.gov.au/C2004A00818/latest/text) (checked 2026-09-27)
- [https://www.asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-254-offering-securities-under-a-disclosure-document](https://www.asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-254-offering-securities-under-a-disclosure-document) (checked 2026-09-27)
- [https://www.asx.com.au/content/dam/asx/rules-guidance-notes-waivers/asx-listing-rules/guidance-notes/gn30-quotation-of-additional-securities.pdf](https://www.asx.com.au/content/dam/asx/rules-guidance-notes-waivers/asx-listing-rules/guidance-notes/gn30-quotation-of-additional-securities.pdf) (checked 2026-09-27)

## Forms and precedents for this task

| Form or precedent | Kind | AI level | Summary |
| --- | --- | --- | --- |
| [Regulation D private placement checklist](https://ailawframework.com/precedents/capital-markets-and-securities-ecm-dcm-and-disclosure/us-reg-d-placement-checklist.md) | Checklist | Yellow | Checklist for an offer under Rule 506(b) or Rule 506(c). Purchaser limits, solicitation, resale and the conviction limb of the bad-actor rule are taken from the text that was read. |
| [SEC Form D notice of an exempt offering](https://ailawframework.com/precedents/capital-markets-and-securities-ecm-dcm-and-disclosure/us-sec-form-d.md) | Form | Yellow | Link to SEC Form D, the notice of an exempt offering under Rule 504 or 506 of Regulation D, or section 4(a)(5). It is filed on EDGAR within 15 calendar days after the first sale.… |
| [Accredited investor question list for Rule 506](https://ailawframework.com/precedents/capital-markets-and-securities-ecm-dcm-and-disclosure/us-accredited-investor-questions.md) | Checklist | Yellow | Question list covering the Rule 501(a) categories that were read, plus the Rule 506(c) verification examples. It does not decide that a purchaser is accredited. |

Signed-in accounts can read the full text of each one.

## Jurisdiction versions

| Jurisdiction | Level |
| --- | --- |
| [United States](https://ailawframework.com/practice/capital-markets-and-securities-ecm-dcm-and-disclosure/build-the-investor-eligibility-record-for-an-offer-made-without-disclosu/united-states.md) | Yellow |

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*