IR Society backs regulator’s guide

The Investor Relations Society has backed a European regulator group’s guidelines on how companies should abide by European disclosure regulations.

The Committee of European Securities Regulators, whose members include UK financial market regulator the Financial Services Authority, has recommended that European firms use primary information providers (PIPs) when announcing potentially price-sensitive information to comply with the European Union’s new transparency directive.

UK companies already use PIPs, such as the London Stock Exchange’s Regulatory News Service or PR Newswire, to make price-sensitive announcements and ensure that all sections of the market have simultaneous access to information.

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