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.
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.
13 October 2021
ASIC has written to CEOs of public companies, large proprietary companies and trustees of registrable superannuation entities urging them to review their whistleblower policies to ensure they comply with the law.
ASIC will extend the deadline for both listed and unlisted entities to lodge financial reports under Chapters 2M and 7 of the Corporations Act by one month for certain balance dates up to and including 7 July 2020 balance dates.
Considerations for directors (including directors of the responsible entity of a listed managed investment scheme) regarding the acquisition and disposal of securities and other financial products issued by their listed entity.
On 6 May 2020, temporary modifications to the Corporations Act under the Corporations (Coronavirus Economic Response) Determination (No. 1) 2020 (Determination) took effect. Read more.
The current evolving circumstances surrounding COVID-19 present many challenges to companies, boards, management and their stakeholders. Read this article by Commissioner John Price.
ASIC’s Close and Continuous Monitoring program has been suspended. However, ASIC will continue to monitor firms remotely, including through close working and information sharing arrangements with APRA.
