Plain language law

New Zealand law explained for everyone

Financial Markets Conduct Act 2013

Dealing in financial products on markets - Continuous disclosure

270: Listed issuers must disclose in accordance with listing rules if continuous disclosure listing rules apply

You could also call this:

"Companies listed on the market must share important information with the public according to the rules."

Illustration for Financial Markets Conduct Act 2013

If you are a listed issuer, you must tell people certain information according to the listing rules. You have to do this if you have an agreement with the market operator and you have information that you are required to share. This information must be important and not already known to the market.

If you do not follow these rules, you can still get in trouble even if it is not under this Act. You can be taken to task for not following the listing rules in other ways. The rules about telling people information are part of the listing rules for the market you are listed on.

You can look at the Securities Amendment Act 1988 to compare with this rule. This will help you understand how the rules have changed over time. It is good to know how the rules have developed to understand how they work now.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091387.

Topics:
Money and consumer rights > Banking and loansBusiness > Industry rulesBusiness > Fair trading
Previous

269: Criminal liability for false or misleading appearance of trading, or

"Breaking rules that make trading look fake can lead to big trouble and fines."

Next

271: What are continuous disclosure provisions, or

"Companies must tell everyone about important events as they happen"

Part 5Dealing in financial products on markets
Continuous disclosure

270Listed issuers must disclose in accordance with listing rules if continuous disclosure listing rules apply

  1. A listed issuer must notify information in accordance with the continuous disclosure provisions of the listing rules for the licensed market if—

  2. the listed issuer is a party to a listing agreement with the licensed market operator; and
    1. the listed issuer has information that those continuous disclosure provisions require it to notify; and
      1. the information is material information that is not generally available to the market.

        1. Subsection (1) does not affect or limit the situations in which action can be taken (other than under this Act) for a failure to comply with provisions of the listing rules for a licensed market.

        Compare