11 Jul 2013

Market regulator ASIC has announced it will increase its scrutiny of communications between companies and the investment analysts to ensure analysts don’t gain an unfair information advantage over investors during briefings.

“ASIC’s priority is to ensure fair and efficient financial markets,” ASIC Commissioner Cathie Armour said on Sunday.

“All investors – large and small – should have access to equal information from listed entities when making their investment decisions,” Armour said.

This reporting season is the first since the Australian Securities Exchange (ASX) issued the revised guidance note 8 on 1 May this year.

The guidance note points out the disclosure obligations of listed entities and the requirement to disclose market sensitive information to the ASX first.

Written by Wouter Klijn of theinstoreport.
Please follow and like us:

Post a comment