Continuous disclosure: more guidance but no relief

Introduction

Continuous disclosure is often a vexed issue for entities listed on ASX. It can be difficult to decide what, when and how to disclose to the market in accordance with Listing Rule 3.1. To help listed entities meet their obligations, the ASX has rewritten Guidance Note 8, and has also provided a summary - click here to view.

The Guidance Note is effective today, 1 May 2013.

Why has ASX revised Guidance Note 8?

ASX regards Listing Rule 3.1 as one of the most important Listing Rules, essential to maintaining fair and efficient markets. Guidance Note 8 has been revised to provide additional practical advice for listed entities, directors and their advisors on their continuous disclosure obligations.