ASIC has released Consultation Paper Handling confidential information (CP 128) and the attached draft regulatory guide for discussion. The paper sets out a range of best practice guidelines for companies and their advisers who are in receipt of confidential, price-sensitive information.

ASIC’s goal in developing these best practice guidelines is to help parties ensure that confidential, price-sensitive information is provided to all the market in a timely manner, through the ASX announcements platform, rather than provided selectively to some participants at an incomplete stage.