No - not the exchange. It is investors who are assumed to be in receipt of publicly available information. Did insurers ask to have their shares put into a halt when it started raining heavily on the east coast last month?
"There is a requirement to act on new information that they become aware of that they believe may materially affect the company, and a competent director would have informed the exchange." Nonsense.
Ann: Trading Halt, page-23
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