The Market Announcements Office process an average of 500...

The Market Announcements Office process an average of 500 announcements per day. ASX seeks to release announcements as promptly as it reasonably can in order to promote the objectives of the continuous disclosure regime. Part of the process for releasing market announcements involves an assessment of whether or not they may be price sensitive. If ASX forms that view, it will attach a “price sensitive” tag to the announcement and, if the market is then trading, the announcement will automatically attract a 10 minute trading pause (or, in the case of an announcement about a takeover or scheme, one hour).


ASX recognises that an entity will have an awareness of the sensitivity of the announcement in understanding its business and the key factors influencing it. As such, ASX is proposing to include functionality in the lodgement process for a listed entity to indicate that an announcement is ‘price sensitive’ at the time of submitting the announcement to the ASX.


This price sensitivity indication will assist Market Announcement Officers in more quickly forming a view on the materiality of the announcement, which will lead to increased timeliness in the release of announcements and increased accuracy in classifying announcements as price sensitive. To maintain consistency and integrity, however, the Market Announcements Office will make the final assessment of price sensitivity prior to the release of the announcement to the market.


ASX is seeking to implement the ‘price sensitivity indication’ during mid-2018. Further information will provided as this initiative progresses.

http://www.asx.com.au/resources/newsletters/listed_at_asx/listed-at-asx-20171030_0917.html