{"id":3285,"date":"2022-08-22T11:24:47","date_gmt":"2022-08-22T11:24:47","guid":{"rendered":"https:\/\/www.guiadoemitente.pt\/?p=3285"},"modified":"2022-09-23T13:51:23","modified_gmt":"2022-09-23T13:51:23","slug":"5-2-ongoing-regulatory-requirements","status":"publish","type":"post","link":"https:\/\/issuers-guide.buzzvel.work\/en\/5-2-ongoing-regulatory-requirements\/","title":{"rendered":"5.2. Ongoing Requirements"},"content":{"rendered":"\n<p><strong>Why market rules exist?<\/strong><\/p>\n\n\n\n<p>The existence of ongoing obligations and respective rules allows investors to be kept informed, and it is this information that enables investors to continuous monitor their interest in the Company, to make investment decisions to invest or sell the shares or bonds and to evaluate investments in future secondary offerings.<\/p>\n\n\n\n<p>These legal obligations are intended to guarantee the disclosure of information that may impact the expectations of investors and to sustain the engagement of investors with the business project. Remember, current and future investors are not just investment providers, they can also be a useful source of knowledge. Furthermore, the dissemination of Company\u00b4s information helps building the Company\u00b4s image and strengths trust (towards all the stakeholders, including clients).<\/p>\n\n\n\n<p><strong>Types of rules and their role<\/strong><\/p>\n\n\n\n<p>In essence being present in capital markets implies the fulfillment of certain information disclosure obligations, that are mainly divided in <strong>periodic information disclosure obligations<\/strong> (e.g. financial accounts) and <strong>ad hoc information disclosure obligations<\/strong> (e.g. inside information).<\/p>\n\n\n\n<p>The applicable duties depend on the type of securities (shares or bonds) and market in which they are listed.<\/p>\n\n\n\n<p>In certain cases, it possible that, in the future, the Company no longer wishes to resort to the capital markets. <strong>If and when that time arises, it is worth knowing that the Company won&#8217;t be irrevocably tied to its prior decision to become a listed company<\/strong>. In short, it is possible and feasible to access, to remain, and to exit capital markets for as long as it makes sense considering the Company\u2019s strategy.<\/p>\n\n\n<style>.kadence-column_40fa79-bc > .kt-inside-inner-col{padding-top:0px;padding-bottom:0px;padding-left:15px;padding-right:5px;}.kadence-column_40fa79-bc > .kt-inside-inner-col{min-height:36px;border-color:var(--global-palette1, #3182CE);border-top-width:0px;border-right-width:0px;border-bottom-width:0px;border-left-width:10px;}.kadence-column_40fa79-bc > .kt-inside-inner-col,.kadence-column_40fa79-bc > .kt-inside-inner-col:before{border-top-left-radius:0px;border-top-right-radius:0px;border-bottom-right-radius:0px;border-bottom-left-radius:0px;}.kadence-column_40fa79-bc > .kt-inside-inner-col{column-gap:var(--global-kb-gap-sm, 1rem);}.kadence-column_40fa79-bc > .kt-inside-inner-col{flex-direction:column;}.kadence-column_40fa79-bc > .kt-inside-inner-col > .aligncenter{width:100%;}.kadence-column_40fa79-bc > .kt-inside-inner-col{background-color:var(--global-palette8, #F7FAFC);}.kadence-column_40fa79-bc > .kt-inside-inner-col:before{opacity:0.3;}.kadence-column_40fa79-bc{position:relative;}.wp-block-kadence-column.kadence-column_40fa79-bc > .kt-inside-inner-col{margin-top:3px;margin-bottom:10px;}@media all and (max-width: 1024px){.kadence-column_40fa79-bc > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}@media all and (max-width: 767px){.kadence-column_40fa79-bc > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}<\/style>\n<div class=\"wp-block-kadence-column inner-column-1 kadence-column_40fa79-bc\"><div class=\"kt-inside-inner-col\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:100%\">\n<p><\/p>\n\n\n\n<p><em><em>Companies view market listing as a milestone. <\/em>The IPO\/bond offering sets the start of a new journey, where companies grow, reach a larger number of stakeholders and benefit of new opportunities, with a professional and transparent approach, in cooperation with its stakeholders.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div><\/div>\n\n\n<style>.kadence-column_8c9453-1a > .kt-inside-inner-col{padding-top:0px;padding-bottom:0px;padding-left:15px;padding-right:5px;}.kadence-column_8c9453-1a > .kt-inside-inner-col{min-height:36px;border-top-width:0px;border-right-width:0px;border-bottom-width:0px;}.kadence-column_8c9453-1a > .kt-inside-inner-col,.kadence-column_8c9453-1a > .kt-inside-inner-col:before{border-top-left-radius:0px;border-top-right-radius:0px;border-bottom-right-radius:0px;border-bottom-left-radius:0px;}.kadence-column_8c9453-1a > .kt-inside-inner-col{column-gap:var(--global-kb-gap-sm, 1rem);}.kadence-column_8c9453-1a > .kt-inside-inner-col{flex-direction:column;}.kadence-column_8c9453-1a > .kt-inside-inner-col > .aligncenter{width:100%;}.kadence-column_8c9453-1a > .kt-inside-inner-col{background-color:#F1F1F1;}.kadence-column_8c9453-1a:hover > .kt-inside-inner-col{background-color:#F1F1F1;background-image:none;}.kadence-column_8c9453-1a > .kt-inside-inner-col:before{opacity:0.3;}.kadence-column_8c9453-1a{position:relative;}.wp-block-kadence-column.kadence-column_8c9453-1a > .kt-inside-inner-col{margin-top:3px;margin-bottom:10px;}@media all and (max-width: 1024px){.kadence-column_8c9453-1a > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}@media all and (max-width: 767px){.kadence-column_8c9453-1a > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}<\/style>\n<div class=\"wp-block-kadence-column inner-column-1 kadence-column_8c9453-1a\"><div class=\"kt-inside-inner-col\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:100%\">\n<p><\/p>\n\n\n\n<p><strong>CRUCIAL FACTORS FOR THE SUCCESS OF LISTED COMPANIES<br><\/strong><\/p>\n\n\n<style>.wp-block-kadence-iconlist.kt-svg-icon-list-items_9286db-fd:not(.this-stops-third-party-issues){margin-top:0px;margin-bottom:0px;}.wp-block-kadence-iconlist.kt-svg-icon-list-items_9286db-fd ul.kt-svg-icon-list:not(.this-prevents-issues):not(.this-stops-third-party-issues):not(.tijsloc){margin-top:0px;margin-right:0px;margin-bottom:var(--global-kb-spacing-sm, 1.5rem);margin-left:0px;}.wp-block-kadence-iconlist.kt-svg-icon-list-items_9286db-fd ul.kt-svg-icon-list{grid-row-gap:5px;}.wp-block-kadence-iconlist.kt-svg-icon-list-items_9286db-fd ul.kt-svg-icon-list .kt-svg-icon-list-item-wrap .kt-svg-icon-list-single{margin-right:10px;}.kt-svg-icon-list-items_9286db-fd ul.kt-svg-icon-list .kt-svg-icon-list-level-0 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_9286db-fd ul.kt-svg-icon-list .kt-svg-icon-list-level-1 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_9286db-fd ul.kt-svg-icon-list .kt-svg-icon-list-level-2 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_9286db-fd ul.kt-svg-icon-list .kt-svg-icon-list-level-3 .kt-svg-icon-list-single svg{font-size:20px;}<\/style>\n<div class=\"wp-block-kadence-iconlist kt-svg-icon-list-items kt-svg-icon-list-items_9286db-fd kt-svg-icon-list-columns-1 alignnone\"><ul class=\"kt-svg-icon-list\"><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-0 kt-svg-icon-list-level-0\"><div style=\"display:inline-flex;justify-content:center;align-items:center\" class=\"kt-svg-icon-list-single kt-svg-icon-list-single-fe_checkCircle\"><svg style=\"display:inline-block;vertical-align:middle\" viewBox=\"0 0 24 24\" height=\"20\" width=\"20\" fill=\"none\" stroke=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M22 11.08V12a10 10 0 1 1-5.93-9.14\"><\/path><polyline points=\"22 4 12 14.01 9 11.01\"><\/polyline><\/svg><\/div><span class=\"kt-svg-icon-list-text\">Presenting a business plan to investors (depending on the securities admitted to trading)<\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-1 kt-svg-icon-list-level-0\"><div style=\"display:inline-flex;justify-content:center;align-items:center\" class=\"kt-svg-icon-list-single kt-svg-icon-list-single-fe_checkCircle\"><svg style=\"display:inline-block;vertical-align:middle\" viewBox=\"0 0 24 24\" height=\"20\" width=\"20\" fill=\"none\" stroke=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M22 11.08V12a10 10 0 1 1-5.93-9.14\"><\/path><polyline points=\"22 4 12 14.01 9 11.01\"><\/polyline><\/svg><\/div><span class=\"kt-svg-icon-list-text\">Clear and consistent strategy<\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-2 kt-svg-icon-list-level-0\"><div style=\"display:inline-flex;justify-content:center;align-items:center\" class=\"kt-svg-icon-list-single kt-svg-icon-list-single-fe_checkCircle\"><svg style=\"display:inline-block;vertical-align:middle\" viewBox=\"0 0 24 24\" height=\"20\" width=\"20\" fill=\"none\" stroke=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M22 11.08V12a10 10 0 1 1-5.93-9.14\"><\/path><polyline points=\"22 4 12 14.01 9 11.01\"><\/polyline><\/svg><\/div><span class=\"kt-svg-icon-list-text\">Clear and insightful communication and engagement with stakeholders<\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-3 kt-svg-icon-list-level-0\"><div style=\"display:inline-flex;justify-content:center;align-items:center\" class=\"kt-svg-icon-list-single kt-svg-icon-list-single-fe_checkCircle\"><svg style=\"display:inline-block;vertical-align:middle\" viewBox=\"0 0 24 24\" height=\"20\" width=\"20\" fill=\"none\" stroke=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M22 11.08V12a10 10 0 1 1-5.93-9.14\"><\/path><polyline points=\"22 4 12 14.01 9 11.01\"><\/polyline><\/svg><\/div><span class=\"kt-svg-icon-list-text\">Transparency and accountability<\/span><\/li><\/ul><\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n<p>Besides the compulsory minimum standards information, some listed companies also voluntarily choose to provide additional information, since optimized communication between all market participants is necessary to build trustful relationships with investors.<\/p>\n\n\n\n<p>Investors seek reliable and timely information about the strategy, the business performance and the corporate governance practices of the companies they invest in. Timely disclosure of such information is crucial for the performance of the Company in the capital markets.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Rules detailed (shares and bonds) depending on the market<\/strong><br><br>Below you can find what are the main ongoing obligations for listed companies:<\/p>\n\n\n\n<p><strong>Issuers with shares admitted to trading<\/strong><\/p>\n\n\n<style>.kb-image_9162c8-44 .kb-image-has-overlay:after{opacity:0.3;}<\/style>\n<figure class=\"wp-block-kadence-image kb-image_9162c8-44 size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"533\" height=\"290\" src=\"https:\/\/issuers-guide.buzzvel.work\/wp-content\/uploads\/2022\/09\/EN-legenda-chap-3.1.1.1-4.png\" alt=\"\" class=\"kb-img wp-image-11679\" srcset=\"https:\/\/issuers-guide.buzzvel.work\/wp-content\/uploads\/2022\/09\/EN-legenda-chap-3.1.1.1-4.png 533w, https:\/\/issuers-guide.buzzvel.work\/wp-content\/uploads\/2022\/09\/EN-legenda-chap-3.1.1.1-4-300x163.png 300w\" sizes=\"auto, (max-width: 533px) 100vw, 533px\" \/><\/figure>\n\n\n<style>.kb-image_92a182-08 .kb-image-has-overlay:after{opacity:0.3;}<\/style>\n<figure class=\"wp-block-kadence-image kb-image_92a182-08 size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1222\" height=\"2434\" src=\"https:\/\/issuers-guide.buzzvel.work\/wp-content\/uploads\/2022\/09\/EN-table-1-chap-5.2-2.png\" alt=\"\" class=\"kb-img wp-image-11670\" srcset=\"https:\/\/issuers-guide.buzzvel.work\/wp-content\/uploads\/2022\/09\/EN-table-1-chap-5.2-2.png 1222w, https:\/\/issuers-guide.buzzvel.work\/wp-content\/uploads\/2022\/09\/EN-table-1-chap-5.2-2-151x300.png 151w, https:\/\/issuers-guide.buzzvel.work\/wp-content\/uploads\/2022\/09\/EN-table-1-chap-5.2-2-514x1024.png 514w, https:\/\/issuers-guide.buzzvel.work\/wp-content\/uploads\/2022\/09\/EN-table-1-chap-5.2-2-768x1530.png 768w, https:\/\/issuers-guide.buzzvel.work\/wp-content\/uploads\/2022\/09\/EN-table-1-chap-5.2-2-771x1536.png 771w, https:\/\/issuers-guide.buzzvel.work\/wp-content\/uploads\/2022\/09\/EN-table-1-chap-5.2-2-1028x2048.png 1028w\" sizes=\"auto, (max-width: 1222px) 100vw, 1222px\" \/><\/figure>\n\n\n\n<p style=\"font-size:12px\"><sub>* Applicable to any company which are considered a \u201clarge company\u201d and additionally exceed an average number of 500 employees during the last financial year.<\/sub><\/p>\n\n\n\n<p>Access to detailed lists:<br><a href=\"https:\/\/issuers-guide.buzzvel.work\/en\/equity-euronext-lisbon-regulated-market\/\" target=\"_blank\" data-type=\"post\" rel=\"noreferrer noopener\">Euronext Lisbon<\/a> | <a href=\"https:\/\/issuers-guide.buzzvel.work\/en\/equity-euronext-growth\/\" target=\"_blank\" rel=\"noreferrer noopener\">Euronext Growth<\/a> | <a href=\"https:\/\/issuers-guide.buzzvel.work\/en\/equity-euronext-access-2\/\" target=\"_blank\" rel=\"noreferrer noopener\">Euronext Access+<\/a> | <a href=\"https:\/\/issuers-guide.buzzvel.work\/en\/equity-euronext-access-2\/\" target=\"_blank\" rel=\"noreferrer noopener\">Euronext Access<\/a><\/p>\n\n\n\n<p><strong>Issuers of bonds admitted to trading<\/strong><\/p>\n\n\n<style>.kb-image_65d3b2-a2 .kb-image-has-overlay:after{opacity:0.3;}<\/style>\n<figure class=\"wp-block-kadence-image kb-image_65d3b2-a2 size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1054\" height=\"1706\" src=\"https:\/\/issuers-guide.buzzvel.work\/wp-content\/uploads\/2022\/09\/EN-table-2-chap-5.2-1.png\" alt=\"\" class=\"kb-img wp-image-11672\" srcset=\"https:\/\/issuers-guide.buzzvel.work\/wp-content\/uploads\/2022\/09\/EN-table-2-chap-5.2-1.png 1054w, https:\/\/issuers-guide.buzzvel.work\/wp-content\/uploads\/2022\/09\/EN-table-2-chap-5.2-1-185x300.png 185w, https:\/\/issuers-guide.buzzvel.work\/wp-content\/uploads\/2022\/09\/EN-table-2-chap-5.2-1-633x1024.png 633w, https:\/\/issuers-guide.buzzvel.work\/wp-content\/uploads\/2022\/09\/EN-table-2-chap-5.2-1-768x1243.png 768w, https:\/\/issuers-guide.buzzvel.work\/wp-content\/uploads\/2022\/09\/EN-table-2-chap-5.2-1-949x1536.png 949w\" sizes=\"auto, (max-width: 1054px) 100vw, 1054px\" \/><\/figure>\n\n\n\n<p style=\"font-size:12px\"><sub>*Not applicable if the securities have a nominal value over \u20ac100,000 or if their maturity is lower than one year<\/sub><\/p>\n\n\n\n<p>Access to detailed lists:<br><a href=\"https:\/\/issuers-guide.buzzvel.work\/en\/debt-euronext-lisbon-regulated\/\" target=\"_blank\" rel=\"noreferrer noopener\">Euronext Lisbon<\/a> | <a href=\"https:\/\/issuers-guide.buzzvel.work\/en\/debt-euronext-growth\/\" target=\"_blank\" rel=\"noreferrer noopener\">Euronext Growth<\/a> | <a href=\"https:\/\/issuers-guide.buzzvel.work\/en\/debt-euronext-access\/\" target=\"_blank\" rel=\"noreferrer noopener\">Euronext Access<\/a><\/p>\n\n\n\n<p>For further information on further obligations <a href=\"https:\/\/issuers-guide.buzzvel.work\/en\/market-abuse-regulation\/\">access Market Abuse Regulation (MAR)<\/a> .<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Why market rules exist? The existence of ongoing obligations and respective rules allows investors to be kept informed, and it is this information that enables investors to continuous monitor their interest in the Company, to make investment decisions to invest or sell the shares or bonds and to evaluate investments in future secondary offerings. These [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11688,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[103],"tags":[144],"class_list":["post-3285","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-5-life-as-a-company-with-securities-admitted-to-trading","tag-requirements"],"acf":[],"_links":{"self":[{"href":"https:\/\/issuers-guide.buzzvel.work\/en\/wp-json\/wp\/v2\/posts\/3285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/issuers-guide.buzzvel.work\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/issuers-guide.buzzvel.work\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/issuers-guide.buzzvel.work\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/issuers-guide.buzzvel.work\/en\/wp-json\/wp\/v2\/comments?post=3285"}],"version-history":[{"count":29,"href":"https:\/\/issuers-guide.buzzvel.work\/en\/wp-json\/wp\/v2\/posts\/3285\/revisions"}],"predecessor-version":[{"id":11681,"href":"https:\/\/issuers-guide.buzzvel.work\/en\/wp-json\/wp\/v2\/posts\/3285\/revisions\/11681"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/issuers-guide.buzzvel.work\/en\/wp-json\/wp\/v2\/media\/11688"}],"wp:attachment":[{"href":"https:\/\/issuers-guide.buzzvel.work\/en\/wp-json\/wp\/v2\/media?parent=3285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/issuers-guide.buzzvel.work\/en\/wp-json\/wp\/v2\/categories?post=3285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/issuers-guide.buzzvel.work\/en\/wp-json\/wp\/v2\/tags?post=3285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}