Following a review of market practice, ASIC has released Report 393 Handling of confidential information:  Briefings and unannounced corporate transactions, which contains recommendations about the handling of confidential, market-sensitive information in the context of analyst briefings and unannounced, market-sensitive corporate transactions.  Companies and advisers should familiarise themselves with ASIC’s recommendations to reduce the risk of ASIC enforcement action in relation to their handling of such information.  This issue is particularly topical in light of the $1.2 million fines recently agreed by Newcrest Mining.

For further discussion, see the G+T Client Alert issued on 3 June 2014.