51-201 - Disclosure Standards [NP]
| Published Date: | 2013-05-31 |
|---|---|
| Effective Date: | 2013-05-31 |
| Document(s): |
|
Concurrently Published:
Table of Contents
PART I - INTRODUCTION
1.1 Purpose
PART II - TIMELY DISCLOSURE
2.1 Timely Disclosure
2.2 Confidentiality
2.3 Maintaining Confidentiality
PART III - OVERVIEW OF THE STATUTORY PROHIBITIONS AGAINST
SELECTIVE DISCLOSURE
3.1 Tipping and Insider Trading
3.2 Persons Subject to Tipping Provisions
3.3 Necessary Course of Business
3.4 Necessary Course of Business Disclosures and Confidentiality
3.5 Generally Disclosed
3.6 Unintentional Disclosure
3.7 Administrative Proceedings
PART IV - MATERIALITY
4.1 Materiality Standard
4.2 Materiality Determinations
4.3 Examples of Potentially Material Information
4.4 External Political, Economic and Social Developments
4.5 Exchange Policies
PART V - RISKS ASSOCIATED WITH CERTAIN DISCLOSURES
5.1 Private Briefings with Analysts, Institutional Investors and other Market Professionals
5.2 Analyst Reports
5.3 Confidentiality Agreements with Analysts
5.4 Analysts as “Tippees”
5.5 Selective Disclosure Violations Can Occur in a Variety of Settings
PART VI - BEST DISCLOSURE PRACTICES
6.1 General
6.2 Establishing a Corporate Disclosure Policy
6.3 Overseeing and Coordinating Disclosure
6.4 Board and Audit Committee Review of Certain Disclosure
6.5 Authorizing Company Spokespersons
6.6 Recommended Disclosure Model
6.7 Analyst Conference Calls and Industry Conferences
6.8 Analyst Reports
6.9 Quiet Periods
6.10 Insider Trading Policies and Blackout Periods
6.11 Electronic Communications
6.12 Chat Rooms, Bulletin Boards and e-mails
6.13 Handling Rumours