6. Ad-Hoc Reporting Flashcards
1
Q
Requirements for Ad-Hoc Reporting
A
- Ad-hoc reporting is mandatory for firms whose securities are listed on a regulated market
- These firms have to instantly report insider information about important events that directly effect themselves
- Insider information is defined as information about circumstances that are not publicly known and that might influence the market price of the firm’s securities in the case of disclosure
- Such Circumstances include both events that have already occurred and future events whose occurrence is probable
- Note: A firm does not have to report insider information as long as it is necessary to protect its legitimate interests, the public is not mislead and confidentiality of the insider information can be ensured.
