Regulatory Impact and Compliance Cost Statement
41. A Regulatory Impact and Compliance Cost statement is attached that complies with the requirements for RISs and BCCSs.
42. Based on the information provided in the attached RIS/BCCS, the Regulatory Impact Analysis Unit considers that the disclosure of information is adequate, and the level of analysis is appropriate given the likely impacts of the proposal.
43. The proposed regime will reduce compliance costs to issuers wanting to offer securities across the Tasman, by removing the need for an issuer to comply with differing requirements in both jurisdictions. In particular, the costs of obtaining legal advice are likely to reduce, as issuers will not be forced to seek legal assistance in preparing a second set of offer documents. However those offering securities across the Tasman will need to obtain legal advice in order to ensure compliance with the new requirements.
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