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Executive Bylaws - CMA

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Executive Bylaws

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  • February 17
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4-5-1 Of Module Ten: Disclosure and Transparency
Section: Chapter One: Scope of Application and General Provisions
  • Sunday, 12 February 2017

    If there is unusual trading activity in the Trading of a Security of a Listed Company regarding the Securities’ price or volume of trading, the Exchange shall require the Listed Company to comment on this as follows: 1. If a Listed Company decides that the unusual trading activity is due to Material Information previously disclosed in accordance with the required procedure, it is necessary to re-disclose that information together with any change in respect of the previously disclosed Material Information. 2. If the unusual Trading activity is due to speculation, news, rumours or information, the Listed Company shall immediately comment in accordance with Article (4-4-1) of this Module. 3. If the unusual Trading activity is due to a leak of Material Information not previously disclosed by the Listed Company or where such disclosure has been delayed in accordance with Article (4-3) in this Module, the Listed Company shall immediately disclose that Material Information regardless of whether such disclosure is in the interests of the Listed Company or not. 4. If the Listed Company is not able to identify the reason behind the unusual trading activity, it shall issue a general announcement indicating that there has been no recent development that is likely to impact the Listed Company or its affairs in the way which would cause such unusual trading activity. In all cases, the Authority may give instructions to the Exchange that any Listed Company shall comment as set out in this article, and also the Authority may notify the Listed Company

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