Comply with ASX continuous disclosure (Listing Rule 3.1)
Listed entities must immediately disclose price-sensitive information to the market.
Who must comply
ASX-listed entities.
What triggers it
Becoming aware of price-sensitive information.
When due
Immediately on awareness.
Evidence required
Disclosure committee minutes, market announcements, materiality assessments.
Max penalty
Civil penalties + director duty exposure + class action risk
Summary
ASX Listing Rule 3.1 requires immediate disclosure of any information that a reasonable person would expect to have a material effect on the price or value of the entity's securities. Exceptions in 3.1A are narrow and cumulative. Section 674 of the Corporations Act underpins with civil and criminal penalties.
Enforced by
Source legislation
Entity types
Topics
Source: https://asx.com.au/listings/listing-rules-guidance. Rules Mate is not a law firm. Always verify against the live regulator source before acting.