CBL drives FMA to seek clarity over continuous disclosure obligations in voluntary administrations

Thu, 17 May 2018

By Paul McBeth May 17 (BusinessDesk) - The Financial Market Authority will go to the courts for help in unpicking whether continuous disclosure rules still apply to listed companies if they enter voluntary administration. The market watchdog said in a statement it intends to file a case stated procedure on the issue, which lets the regulator seek the court's opinion on a point of law without taking action against a particular party. The FMA expects the case will provide greater clarity for all parties and set future expectations around h...

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