Regulatory Alerts2008-11-20
Guidelines for Disclosure of Price Sensitive Information
The Trinidad and Tobago Securities and Exchange Commission issued these best practice guidelines to standardize the dissemination of price-sensitive information by listed companies. The document mandates the establishment of documented disclosure policies, the designation of authorized spokespersons, and the use of broad public methods such as press releases rather than exclusive channels. It further requires balanced factual reporting, coordination across multiple exchanges, and strict protocols for handling analyst communications, forward-looking statements, and market rumors to prevent insider trading.
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