Section 24
( 1)
of Securities Markets Regulations, 2015
The responsibility for an overall policy on the handling of price sensitive information lies with the directors and senior management of the reporting entities, who must be aware that they may be held personally liable for breach of these Regulations.
(2)
Reporting entities must have a consistent procedure for assessing whether information is price sensitive and should clearly identify the persons within the reporting entities who are responsible for the communication of the price sensitive information to the market.
(3)
Before making any announcement, reporting entities must put in place arrangements for maintaining the confidentiality of price sensitive information that must include adequate training for employees in the appropriate handling, distribution and announcement of price sensitive information.
Inadvertent disclosure on selective basis.