The China Post
Date: August 27, 2016
By: CNA

TAIPEI–The Taiwan Stock Exchange (TWSE) has asked listed firms to disclose sensitive information earlier than was previously required to give investors quicker access to it and help them make more informed investment decisions.

Because block trading starts at 8 a.m. every day before the market opens at 9 a.m., listed companies are being asked to disclose sensitive information at least two hours before the market’s opening, compared with only one hour at present, the TWSE said.

The new disclosure requirements will be implemented starting from September.

The TWSE said the earlier disclosure deadline will give investors the chance to weigh the information thoroughly before block trading begins.

Block trading refers to transactions involving a large number of equities being traded at an arranged price between two parties, sometimes outside of the open market, to reduce the trades’ impact on share prices.     [FULL  STORY]