Continuous disclosure obligations require listed entities to promptly report specified and material events to ensure investor transparency. Continuous disclosure obligations require listed entities to timely disclose specified events and material information to stock exchanges. Events are divided into those mandatorily disclosed without a materiality test and those disclosed if material; detailed itemised particulars are prescribed for transactions such as acquisitions, restructurings, issuances and alterations of securities, board decisions, governance changes, frauds/defaults, restructuring, litigation, operational disruptions and regulatory licence actions. Overseas disclosures must be simultaneous domestically and an event is treated as occurred on board/shareholder approval or when the entity or an officer becomes aware.