---
title: "Run the exposure period and the earliest date to accept applications"
url: "https://ailawframework.com/practice/capital-markets-and-securities-ecm-dcm-and-disclosure/run-the-exposure-period-and-the-earliest-date-to-accept-applications"
type: "task"
site: "AI Law Framework"
id: "A4-K20261018-1"
practice_area: "Capital Markets & Securities — ECM/DCM and Disclosure"
tier: "green"
lawyer_review: "required"
last_reviewed: "2026-10-22"
---

# Run the exposure period and the earliest date to accept applications

> From the lodgment confirmation and any ASIC notice extending the period, populate the validated offer timetable with the lodgment date, the end of the exposure period, the earliest acceptance date and the dependent…

Canonical page: https://ailawframework.com/practice/capital-markets-and-securities-ecm-dcm-and-disclosure/run-the-exposure-period-and-the-earliest-date-to-accept-applications  
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 | From the lodgment confirmation and any ASIC notice extending the period, populate the validated offer timetable with the lodgment date, the end of the exposure period, the earliest acceptance date and the dependent steps (opening, closing, allotment), and flag any step scheduled too early. |
| What the lawyer must review | The lawyer confirms the lodgment date and any extension, checks that no application is accepted before the period ends, and adjusts the timetable if ASIC extends. |
| 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: From the lodgment confirmation and any ASIC notice extending the period, populate the validated offer timetable with the lodgment date, the end of the exposure period, the earliest acceptance date and the dependent steps (opening, closing, allotment), and flag any step scheduled too early.
- What the lawyer does: The lawyer confirms the lodgment date and any extension, checks that no application is accepted before the period ends, and adjusts the timetable if ASIC extends.
- 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 unannounced, price-sensitive deal information goes only into a tool approved for inside information and is handled under the deal’s information barrier.
2. Confirm the lodgment date from ASIC’s confirmation.
3. Check for any ASIC extension notice before applications open.
4. Confirm no acceptance step precedes the end of the exposure period.

## 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

- [Corporations Act 2001 (Cth) s 727 (offers require disclosure; exposure period)](https://classic.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s727.html) (checked 2026-10-18)

## Jurisdiction versions

| Jurisdiction | Level |
| --- | --- |
| [United States](https://ailawframework.com/practice/capital-markets-and-securities-ecm-dcm-and-disclosure/run-the-exposure-period-and-the-earliest-date-to-accept-applications/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.*