Revised Art. 72 LR and the directive will become effective on 1 July 2005.
The key points of the new provisions are the following:
- Adjustments to some of the phraseology: some of the phraseology of Art. 72 LR has been revised and adapted to current practice.
- Ad hoc Publicity Directive: Details of Art. 72 LR will be governed by the Ad hoc Publicity Directive. AhPD will replace Admission Board Circular No. 2 of 2 November 1998.
- Modalities of notice distribution:
- Push system: all interested parties will receive, via e-mail distribution by the issuer, free and timely notices regarding potentially price-sensitive facts.
- Pull system: each notice must be published on the issuer's website at the same time it is distributed. The report must remain online for two years.
http://www.swx.com/admission/being_public/publicity_en.html