Participating in the offer of a security to the public as an issuer
Up one levelIssuers offer investments to the public to finance their operations.
In relation to an equity security or a debt security – the issuer is the person on whose behalf any money paid in consideration of the allotment of the security is received.
In relation to a participatory security, the issuer is the manager.
In relation to an interest in a contributory mortgage, the issuer is the contributory mortgage broker.
In relation to a unit in a unit trust, the issuer is the manager.
In relation to a life insurance policy, the issuer is the life insurance company that is liable under the policy.
In relation to an interest in a superannuation scheme, the issuer is the superannuation trustee of the scheme.
