Financial Markets Act, 2012 (Act No. 19 of 2012)Chapter III : Preliminary ProvisionsFunctions of licensed exchange14. Disclosure of information by issuers of listed securities |
| (1) |
| (a) | An exchange may require an issuer of listed securities to disclose to it any information at the issuer’s disposal about those securities, or about the affairs of that issuer, if such disclosure is necessary to achieve one or more of the objects of this Act referred to in section 2. |
| (b) | An exchange may require the issuer to disclose that information to the registered holders of the securities, within a period specified by the exchange. |
| (c) | If the issuer refuses to disclose the information to the exchange or the registered holders of the securities, the exchange may, unless the issuer obtains a court order excusing it from such disclosure, suspend trading in those securities until such time as the required disclosure has been made to the satisfaction of the exchange. |
| (2) | When an issuer discloses information in terms of this section to the registered holders of securities that may influence the price of those securities, the issuer must at the same time make the information available to the public. |