Section 248
of Securities Markets Order, 2013
Section 248
( lj Listed companies and publicly tradable companies having issued securities shall inform the public, in the manner specified by the Authority, as 1410
soon as possible, of any insider information which directly concerns the issued securities.
(2}
Companies may delay the public disclosure of inside information, as referred to in subsection (1) in order not to prejudice their legitimate interests, provided that such delay will not mislead the public and provided that the company is able to ensure the confidentiality of the information.
(3)
The company shall inform the Authority of the decision to delay the public disclosure of inside information.
(4)
Whenever a listed company or publicly tradable company, or a person acting on their behalf, discloses any insider information to any third party in the normal exercise of employment, profession or duties, complete and effective public disclosure of that information must be made simultaneously.
(5)
Subsections (1) to (4) shall not apply if the person receiving the information owes a duty of confidentiality, regardless of whether such duty is based on any written laws, any regulations, any articles of association or any contract.
Responsibility to maintain list of persons.