Which class requires full disclosure as soon as the agreement is made via RIS?

Full disclosure as soon as the agreement is made via the Regulated Information Service (RIS) is particularly important for Class 2 companies. These entities have a distinct regulatory obligation to ensure that their communications regarding price-sensitive information are timely and transparent. This requirement stems from the need to maintain market integrity and provide equal access to information for all investors.

Class 2 companies are often engaged in transactions that may significantly impact their share prices, meaning that timely disclosure plays a critical role in helping investors make informed decisions. By adhering to this requirement, Class 2 entities uphold the standards of transparency and help prevent market manipulation or insider trading.

In contrast, other classes may have different thresholds or timelines for disclosure based on the nature and impact of their transactions, and therefore do not necessitate immediate disclosure via RIS when an agreement is made. This differentiation underscores the unique responsibilities that Class 2 companies bear in the financial markets.