Handling of confidential information
A speech by John Price, Commissioner, Australian Securities and Investments Commission to the Australasian Investor Relations Association, Sydney, 5 August 2014.
The integrity and efficiency of our financial markets depends on all investors having access to market-sensitive information about listed entities at the same time. Leakage of information prior to market announcement can lead to continuous disclosure problems, insider trading and an undermining of investor confidence. It can also pose threats to the outcome of corporate transactions.
This issue remains a central focus for ASIC. Last year we undertook a review of a limited number of listed entities and their advisers in order to consider the practices employed in our market to handle and protect confidential, market-sensitive information.