Stock exchanges, securities companies, securities registration and settlement institutions, securities service institutions and their employees, securities industry associations, securities regulatory agencies and their staff are prohibited from making false statements or misleading information in securities trading activities. Issuers and other information disclosure obligors stipulated by laws, administrative regulations and the State Council securities regulatory authority shall fulfill their information disclosure obligations in a timely manner according to law. The information disclosed by the information disclosure obligor shall be true, accurate, complete, concise and easy to understand, and there shall be no false records, misleading statements or major omissions.
The new Securities Law has a special chapter on the information disclosure system, which clarifies the division of responsibilities of information disclosure obligations in the securities market, especially in listed companies, and reflects the determination of the state regulatory agencies to restrain directors' behavior and protect investors.
Legal basis:
Article 69 of the Securities Law stipulates: "If there are false records, misleading statements or major omissions in the prospectus, corporate bond raising methods, financial and accounting reports, listing report documents, annual reports, interim reports and other information disclosure materials announced by issuers and listed companies, thus causing investors to suffer losses in securities trading, the issuers and listed companies shall be liable for compensation; Issuers, directors, supervisors, senior managers and other persons who are directly responsible, sponsors and underwriting securities companies shall be jointly and severally liable for compensation with the issuers and listed companies, unless they can prove that they are not at fault.
Article 83 has been added to the Securities Law, and the information required to be disclosed by the information disclosure obligor shall be disclosed to all investors at the same time, and shall not be disclosed to any unit or individual separately in advance. No unit or individual may illegally ask the obligor for information disclosure to provide information that needs to be disclosed according to law but has not been disclosed. Any unit or individual shall keep the above information obtained in advance confidential before making it public.