Handling corporate information
Continuous disclosure
The continuous disclosure obligations in the Corporations Act 2001 are fundamental to maintaining the integrity of the market by ensuring transparency and equal access to information.
Listed companies must disclose material price sensitive information on a timely basis and comply with listing rules of the relevant market.
ASIC can issue infringement notices for breaches of these obligations.
Handling of confidential information
Listed companies must take responsibility for the management of their confidential information. Poor practices in relation to the handling of confidential price sensitive information can negatively affect market integrity, reputation, jeopardise the success of a transaction and may lead to ASIC action.
Speeches
- Handling of confidential information - John Price, Commissioner, August 2014, Speech to Australasian Investor Relations Association, Sydney
- Auditing continuous disclosure risk - John Price, Commissioner, March 2015, Speech to Institute of Internal Auditors Conference, Sydney
- Challenges for our capital markets - John Price, Commissioner, September 2015, Speech to Deloitte Australia, Melbourne
Regulatory documents
- ASIC Report 393 Handling of confidential information: Briefings and unannounced transactions
- Regulatory Guide 198 Unlisted disclosing entities: continuous disclosure obligations
- Regulatory Guide 73 Continuous disclosure obligations: infringement notices