GREY:LFDEF - Post by User
Comment by
454Joeon Jul 19, 2016 7:19pm
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Post# 25066981
RE:All material news must be reported
RE:All material news must be reported The TSX, for the purposes of its timely disclosure rules, has outlined examples of instances in which disclosure might be unduly detrimental, including where disclosure of information
- would prejudice an issuer's ability to pursue specific and limited objectives or to complete a transaction or series of transactions that are under way,
- would put the issuer at a significant competitive disadvantage, or
- concerning the status of ongoing negotiations would prejudice the successful completion of those negotiations.
The TSX states that the withholding of information based on the above standard must be infrequent and can only be justified where the potential harm to the issuer or investors caused by immediate disclosure may reasonably be considered to outweigh the undesirable consequences of delaying disclosure.