The Securities Authority has issued a notice regarding the disclosure requirements that companies in the non-bank credit industry are required to publish in their reports. The move comes with the aim of reflecting all the relevant information to the investing public. The document clarifies to companies in a focused manner the required disclosure, on the following issues: main risks, how they are managed, the prospect of their realization and their impact on the corporation’s activities.
To the extent that there is a suspicion that a corporation does not comply with the requirements of the law, while harming the investing public, the Authority exercises supervision, audit and enforcement. In these cases, the authority examines and, if necessary, acts to exhaust the law, in accordance with its powers. The Authority’s staff instructed the reporting corporations to implement the disclosure in the forthcoming reports.
To the extent that the Company intends to offer securities to the public by publishing a shelf offer report prior to the publication of the required information in the forthcoming interim report, the companies are required to include, for the first time, this information in the shelf offer itself.
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