Obligation of the Listing
To protect market integrity, a listed entity is required to comply with the ‘Continuing Obligations’ outlined in section 3 of the BSE Listings Requirements. These are based on listings requirements which includes the following;
Keeping the market informed
BSE regards the timely disclosure of relevant information as of prime importance in the operation of an efficient market. There is a general requirement to disclose to the market any information that it material. A listed entity must immediately give the BSE any information that it becomes aware of, which a reasonable person would expect to have material effect on the price or value of the entity’s securities.
A listed entity is required to provide the BSE regular reports. This includes Annual reports, half yearly reports, quarterly dividend payments to shareholders and other significant information that is material such as cash flow statements.
They are other requirements apart from disclosure rules such as voting issues and transfers of securities and transactions.