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Article 63 Policy on Response to Unusual Market Action

63.1 The issuer should attempt to determine the reason for the market action, by considering in particular:
63.1.1 Whether any information about its affairs, which would account for the action, has been recently disclosed to the public,
63.1.2 Whether there is any information of this type that has not been publicly disclosed (in which case the unusual market action may signify that a "leak" has occurred), and
63.1.3 Whether the issuer is the subject of rumour or report.
63.2 If the issuer determines that the market action results from information that has already been publicly disseminated, generally no further announcement is required, although if the market action indicates that such information may have been misinterpreted it may be helpful, after discussion with the Agency, to issue a clarifying announcement.
63.3 If the market action results from the "leak" of previously undisclosed information, the information in question must be promptly disseminated to the public.
63.4 If the market action results from a false rumour or report, the Agency policy on correction of such rumours and reports (discussed above) should be complied with.
63.5 Finally, if the issuer is unable to determine the cause of the market action, the Agency may suggest that the issuer make a public announcement to the effect that there have been no undisclosed recent developments affecting the issuer, or its affairs, which would account for the unusual market activity.
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