The European Securities and Markets Authority (ESMA) has issued its latest statement on information sharing during pre-close calls. This article provides an in-depth explanation of ESMA's statement and its implications.
A pre-close call is a conference call held by companies to share information with investors and analysts before closing their quarterly or annual financial statements. During this period, companies provide performance forecasts and other critical information. ESMA has established guidelines to ensure transparency and fairness in information sharing during these calls.
Recently, ESMA issued new guidelines on information sharing during pre-close calls. The background of this statement includes efforts to mitigate the risks of information misuse and market manipulation. ESMA emphasizes the importance of companies providing transparent and fair information to the market.
ESMA's statement includes the following key points:
ESMA's guidelines are an important step in preventing information misuse and market manipulation. This allows investors to make investment decisions based on more reliable information, enhancing market transparency and fairness. For companies, increased transparency contributes to building long-term trust.
Companies need to take several measures to comply with ESMA's guidelines. Some of these measures include:
ESMA's statement is a significant step towards enhancing future market transparency and fairness. By adhering to these guidelines, companies can earn market trust, and investors can invest with confidence. ESMA will continue its efforts to promote healthy development in financial markets.
ESMA's statement on information sharing during pre-close calls provides crucial guidelines for ensuring transparency and fairness in information disclosure. By following these guidelines, companies can enhance market trust and achieve long-term growth. Investors, too, can make better investment decisions based on the reliable information provided by these guidelines.
ESMA Issues Statement on Sharing Information During Pre-Close Calls
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