Key Points

- Continuous disclosure is one of the key elements of ensuring market integrity. With the recent amendments to the Listing Rules and the introduction by the Australian Securities Exchange (ASX) of a new Guidance Note, continuous disclosure is once again attracting considerable attention, especially from regulators.

- The final version of ASX Listing Rules Guidance Note 8 came into effect on 1 May 2013.

- Guidance Note 8 provides listed companies with more guidance on the term "immediately", the use of trading halts, the "reasonable person" test and rumour monitoring.

ASX Guidance Note 8 on Continuous Disclosure -

In our 25 October 2012 alert "New draft ASX Listing Rule Guidance Note on continuous disclosure", we discussed the key changes to ASX's approach to disclosure issues in the draft Guidance Note 8 released by ASX on 17 October 2012, including...