Social media and disclosure requirements for AIM companies
“Inside AIM” have published a recent article that examines the interaction of social media with disclosure obligations under the AIM rules. An AIM company must have in place procedures, resources and controls to ensure it complies with the AIM rules (Rule 31).
The article highlights this requirement in the context of the use of social media, in particular that the release of information through social media channels is not a substitute for making a notification under the AIM rules. Furthermore, that care needs to be taken to ensure the use of social media does not breach the AIM rules relating to the principles of disclosure, including those concerning price sensitive information (Rule 10 and 11). Premature or selective disclosures can also lead to issues under the Market Abuse Regulation.