Check a securities trading policy against the minimum content rules
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- From the policy, mark each item in Listing Rule 12.12 as present or missing, and record whether the policy has been given to the market announcements office. If a material change has taken effect, count five business days from that date. Do not write replacement clauses.
- What the lawyer must review
- The lawyer decides what the policy should say, writes any change, and authorises the release.
- Written for / version
- US
Open a jurisdiction version of this task to see which instruments apply: US
Who does what
| Role | What they do |
|---|---|
| Assistance | From the policy, mark each item in Listing Rule 12.12 as present or missing, and record whether the policy has been given to the market announcements office. If a material change has taken effect, count five business days from that date. Do not write replacement clauses. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Confirm the policy contains each of rules 12.12.1 to 12.12.5. A missing item is a gap, not a clause for the tool to write.
- Confirm the policy was given to the market announcements office.
- A material change must be given within five business days of the change taking effect, not of the board paper.
- The lawyer reads the Chapter 19 definitions of closed period, key management personnel and prohibited period before the gaps are treated as closed.
Sources
- ASX Listing Rules Chapter 12 · 2026-10-22
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.
Guidance Note 27 was not opened. The minimum content is taken from Chapter 12.