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Securities Market Act – Timely Price-Sensitive Info

Securities Market Act – Timely Price-Sensitive Info

Timely Price-Sensitive Disclosures per Sweden’s SecuritiesMarket Act


The Securities Market Act governs ongoing disclosure obligations for listed companies. “Price-sensitive information” includes any facts that a reasonable investor would likely use as part of the basis for investment decisions, mergers, profit warnings, major contracts, etc.

Core Requirements

  • Immediate Publication: Information must be released “as soon as possible” once it is known internally, minimizing any period of unequal access among market participants.
  • Uniform Access: Disclosures must be published on the company’s IR site and via approved news distribution channels simultaneously.

IR Website Implications

  1. Automated Push Mechanisms: Integrate your content management system (CMS) with wire-service APIs so that once a press release is approved, it is instantly posted on your IR site and distributed externally.
  2. Real-Time Alerts: Enable subscribers to sign up for SMS or email alerts for price-sensitive news, ensuring key stakeholders receive updates the moment they go live.
  3. Homepage Spotlight: Feature a “Breaking News” carousel or banner on your IR homepage to highlight new disclosures prominently.

Adhering to the Securities Market Act not only keeps you on the right side of Swedish regulators but also fosters a reputation for transparency and fairness among investors.

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Source: “The Securities Market Act (2007:528)”

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