I think this would be considered material news and would come under sec rules
I – Principles for Ongoing3
Disclosure and Reporting of Material
Developments
1. The key elements of an ongoing disclosure obligation
Listed entities should have an ongoing disclosure obligation requiring disclosure of all information
that would be material to an investor’s investment decision.
This principle is typically implemented either by a comprehensive list of prescribed
disclosure items that are presumptively material or by a general obligation to disclose all
information that may affect an investor's assessment of a listed entity's value and prospects. In
addition to this general obligation, some jurisdictions have indicated a list of events that typically
can be considered material. More information is provided in the Appendix.
The subject matter of material information disclosed in periodic disclosure documents
should be carefully monitored to identify specific events or developments that are time-sensitive
and should be disclosed more promptly, under any applicable general disclosure obligation.
Examples include certain off-balance sheet arrangements, changes in the valuation of non-market
traded contracts, and events related to stock options including stock option arrangements.
2. Timeliness
The listed entity shall disclose ongoing information on a timely basis, which could require
disclosure on an:
(a) immediate basis for disclosure of material developments, where such a term could
be defined as “as soon as possible” or prescribed as a maximum of specified days
(such as 2 business days, as proposed in the USA); and
3
For the purpose of this document, ongoing disclosure means periodic disclosure which has to be provided at set dates
and current disclosure which must be provided on a as needs and immediate basis. Although in the United States the
term “ongoing disclosure” normally refers to disclosure of information other than that provided through annual and
quarterly reports, in these Principles the term “ongoing” also includes the periodic disclosure requirements that apply
to companies listed in the United States.
It is outside the scope of this report to provide general guidelines for periodic disclosure. It aims only to define that
periodic disclosures and reports are also a useful channel to disclose the information discussed in the body of this
report.0
I – Principles for Ongoing3
Disclosure and Reporting of Material
Developments
1. The key elements of an ongoing disclosure obligation
Listed entities should have an ongoing disclosure obligation requiring disclosure of all information
that would be material to an investor’s investment decision.
This principle is typically implemented either by a comprehensive list of prescribed
disclosure items that are presumptively material or by a general obligation to disclose all
information that may affect an investor's assessment of a listed entity's value and prospects. In
addition to this general obligation, some jurisdictions have indicated a list of events that typically
can be considered material. More information is provided in the Appendix.
The subject matter of material information disclosed in periodic disclosure documents
should be carefully monitored to identify specific events or developments that are time-sensitive
and should be disclosed more promptly, under any applicable general disclosure obligation.
Examples include certain off-balance sheet arrangements, changes in the valuation of non-market
traded contracts, and events related to stock options including stock option arrangements.
2. Timeliness
The listed entity shall disclose ongoing information on a timely basis, which could require
disclosure on an:
(a) immediate basis for disclosure of material developments, where such a term could
be defined as “as soon as possible” or prescribed as a maximum of specified days
(such as 2 business days, as proposed in the USA); and
3
For the purpose of this document, ongoing disclosure means periodic disclosure which has to be provided at set dates
and current disclosure which must be provided on a as needs and immediate basis. Although in the United States the
term “ongoing disclosure” normally refers to disclosure of information other than that provided through annual and
quarterly reports, in these Principles the term “ongoing” also includes the periodic disclosure requirements that apply
to companies listed in the United States.
It is outside the scope of this report to provide general guidelines for periodic disclosure. It aims only to define that
periodic disclosures and reports are also a useful channel to disclose the information discussed in the body of this
report.0
1
