The rationale behind placing issuers under strict scrutiny concerning their Continuous Obligations, is to prevent them from engaging in any dubious acts that may have a negative impact on the interests of the investors. By providing up to date information concerning the issuer's activities, the listed company can ensure the equal treatment of investors and facilities them in order to make knowledgeable assessments of the securities' value. In this manner the exploitation of inside information is prevented, and this averts insiders from making abnormal profits at the expense of small investors.

The most prominent among the Continuous Obligations are the following: 

** A complete list of the continuous obligations of all listed companies in relation to their financial results and financial statements can be downloaded here.

• During their financial year all listed companies must publish a 6-monthly report, an indication of the annual result and a fully audited annual report and accounts. Investment companies must also publish quarterly reports on their investments. The annual report and accounts must be in full compliance with International Accounting Standards and the 6-monthly report must be in compliance with the International Accounting Standards 34 – Interim Financial Reporting.

  Listed companies with a financial year ending on 31 December must follow the time schedule below. The dates on the time schedule which apply to all listed companies must change accordingly for companies with a financial year end other than 31 December.
  
  

  Date	All listed companies           (including investment companies)	Investment companies only
  15 January		4th quarterly report on investments as at 31 December of the previous year.
  28 February	Indication of annual result for the financial year ended 31 December of the previous year.
  15 April		1st quarterly report on investments as at 31 March of the current year.
  30 April	Annual report and accounts for the financial year ended 31 December of the previous year.
  15 July		2nd quarterly report on investments as at 30 June of the current year.
  31 August	6-monthly report for the 6 m/e 30 June of the current year.
  15 October		3rd quarterly report on investments as at 30 September of the current year.

• Listed companies have the obligation to announce to the Cyprus Stock Exchange in advance (at least 10 days before) the date on which the Board of Directors is to decide on, announce or suggest the payment or not of a dividend, to approve the announcement of profits or losses for the year or any other period, and to discuss any matter relating to listed securities.
• In order to ensure the early notification to the investors, listed companies have the obligation to announce to the Cyprus Stock Exchange immediately, and at least one hour before trading begins, any decision relating to the following matters: 
  • Any decision of the Board of Directors relating to the payment or not of a dividend, the distribution of profits or the payment of interest concerning listed securities. 
  • Any preliminary statement of accounts for the financial year or any other period. In the case of bonds, any decision taken for a new issue and especially any matters associated with indemnities or collateral. 
  • Any decision taken concerning changes in the capital structure of the company, or the order of subordination in the case of debentures.
  • Any redemption of bonds
  • Any decision to amend the Memorandum or Article of Association or any other document, that relates to operation of the organisation.
• The issuer has the obligation to announce to the Cyprus Stock Exchange without delay, any information pertaining to the purchase or sale of significant assets.
• According to Article 60 of the Cyprus Stock Exchange Law, listed companies have to announce without delay to the Council and the Commission, any matters relating to the following:
  • The maximum within 7 days, of any contracts agreed between the company and the managers
  • Any changes in the positions of Chairman, Member of the Board of Directors, Senior Management, the Auditor or any other executive
  • Within a maximum of one working day, an announcement has to be made concerning any transactions pertaining to titles of the issuer carried at by the Chairman, the Members of the Board of Directors, the General Manager, the Secretary, the Auditors, the Employees Provident Funds and any person connected with them
  • Within a maximum of one working day, an announcement has to be made of any transaction pertaining to titles of the issuer, carried out by shareholders who hold more than 5% of the company's share capital, or by persons related to them.