Securities regulatory authorities shall receive written, true and complete information of any fact or event which due to its importance, might materially affect:

1.­ the placement of securities;

2.­ their quotation in the secondary markets;

3.­ the decision of investors to buy, sell, or hold securities.

This information should be provided to securities regulatory authorities directly and immediately after such fact or event has occurred, or after taking notice that the fact or event has occurred if it was caused by third parties.

The present general rule applies whether the events occurred with the issuer or its subsidiaries.

When disclosure prior to completion could jeopardize the successful completion of the matter subject to the disclosure requirement, the regulatory authorities may extend a disclosure waiver for a limited period of time.