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CODE OF PRACTICES AND PROCEDURES FOR FAIR DISCLOSURE OF UNPUBLISHED PRICE SENSITIVE INFORMATION 1. Introduction: In compliance with the requirements of Regulation 8 of the Securities and Exchange
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This includes employees, management, investors, analysts, and any other stakeholders who may have access to or be affected by UPSI.
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The code of practices and procedures for fair disclosure of unpublished price-sensitive information (UPSI) is a regulatory framework that aims to promote transparency and fairness in the handling and dissemination of sensitive information by companies to prevent insider trading and protect investor interests.
All listed companies and entities that are required to comply with securities regulations are mandated to establish and file the code of practices and procedures for fair disclosure of UPSI.
To fill out the code of practices and procedures for fair disclosure of UPSI, companies need to outline their policies regarding the disclosure of price-sensitive information, define the roles and responsibilities for handling such information, and establish procedures for responding to inquiries from investors and regulators.
The purpose of the code is to ensure that all investors have equal access to material information and to prevent insider trading by regulating the disclosure of sensitive information related to the company.
Companies must report their policies regarding the handling and disclosure of UPSI, the process for determining what qualifies as UPSI, and the procedures to ensure timely and fair dissemination of this information.
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