What a Disclosure-based Market Means to Investors
Post on 7 September 2011 by Dongfu
“Why do companies issue prospectuses, announcements and financial reports?”
The answer lies in the fact that Securities and Exchange Commission of Cambodia (SECC) and Cambodia Securities Exchange (CSX) are underpinned by a disclosure-based regime, which promotes understanding by the investing public of
• The risks and liabilities of investing in securities; and
• The importance of making informed investment decisions, and taking responsibility for such decisions.
Regulators cannot and should not make investment decisions on behalf of investors with different investment experience, objectives and financial circumstances. To seek to ensure that you are armed with sufficient knowledge to make an informed investment decision, rules are in place to require accurate and timely disclosure of the pertinent information. With statutory measures in place to safeguard your right to know, comes responsibility to play your part. You do so by reading and analyzing the information available to help you make informed investment decisions. Cover the basics by reading company prospectuses, announcements, circulars and periodic reports.
Don’t assume that information contained in announcements, circulars and periodic reports is just a routine. Investment choices are for you to make. To be a responsible investor, follow a company’s developments closely by keeping an eye out for its news.
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