Principles for Ongoing Disclosure and Material Development Reporting by Listed Entities
The International Ongoing Disclosure Standards developed by IOSCO highlight the necessity for listed entities to disclose all material information, in a timely basis, and if the entity is listed in different jurisdictions, on an identical basis and simultaneously in all these jurisdictions. The importance of using efficient, effective and timely means of dissemination, of fair presentation is underlined. The information to be disclosed in compliance with the ongoing disclosure obligation should not be disclosed to selected investors or other interested parties before it is released to the public. The listed entity is responsible for compliance with the ongoing disclosure obligation. In some jurisdictions, specific persons have been identified as also being responsible for the disclosure of such information.