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Chapter III Policy Statements on Timely Disclosure

The Agency considers that the conduct of a fair and orderly market requires every listed issuer to make available to the public information necessary for investing, and to take reasonable steps to ensure that all who invest in its securities enjoy equal access to such information. In applying this fundamental principle, the Agency has adopted the following six specific policies concerning disclosure:

1. Policy on Immediate Public Disclosure of Information.
2. Policy on Thorough Public Dissemination.
3. Policy on Clarification or Confirmation of Rumours and Reports.
4. Policy on Insider Trading.
5. Policy on Response to Unusual Market Action.
6. Policy on Unwarranted Promotional Disclosure.

Each of the abovementioned policies, along with the Agency's requirements regarding the content and preparation of public announcements, are discussed in detail in this part of the Standards.

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