On 12 December 2016, the London Stock Exchange's AIM Regulation team published an Inside AIM update on how social media (such as "Twitter", the company's website and other non-regulatory news feeds) interacts with the disclosure obligations under the AIM Rules.
The update advised, amongst other points, that:
- social media is subject to the same rules regarding disclosure of regulatory information;
- disclosure by social media alone will not meet an AIM company's disclosure obligations; and
- precedence should still be given to the use of traditional means of regulatory dissemination (such as the regulatory information service (RIS)).
The update further advised that any AIM company that uses social media should have a clear policy on its use which is regularly reviewed and understood by all relevant persons. The update can be accessed below:
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
