The Australian Securities and Investments Commission has released a consultation paper on remaking four class orders relating to financial services disclosure.

The class orders are:

• CO 02/1072 product disclosure statements – top-up relief for managed investment schemes;
• CO 07/10 technical disclosure relief for reconstructions and capital reductions (paragraph 9);
• CO 03/237 updated information in product disclosure statements;
• CO 03/1092 further relief for joint product disclosure statements.

The regulator proposes no significant changes “because [the class orders] are operating effectively and efficiently and continue to form a necessary and useful part of the legislative framework”.

Submissions are due by April 26.