Section 132
of Securities Markets Order, 2013
Section 132
(a)
falls within the definition of the Companies Act (Chapter 39); and
(b)
has such minimum capital as may be prescribed by regulations issued by the Authority, is required to submit such additional information as may be requested by the Authority within the time periods set out in the regulations.
(2)
An issuer that has sold a class of its securities pursuant to a registration statement and declaration by the Authority under section 122 and every public company that falls within section 132(1) must-
(a)
submit reports to the Authority and to the public periodically in the volume, manner and within time periods specified by the Authority but not less frequently than 6 months; and
(b)
submit information to the Authority and to the. public regarding significant developments that may reasonably be expected to have a significant effect on the market price of the securities no later than the close of the second business day following such development, or sooner to protect investors or the market.
(3)
Every issuer of a security listed for trading on a securities exchange must file with the securities exchange a copy of any report filed with the
Authority under the requirements of this section.
Financial reporting requirements.