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努努奔 · 2025年02月18日

请问B选项为何不对

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NO.PZ202403070100000202

问题如下:

Is any further action most likely required of Prem and Mathew prior to publishing an investment report using the information received in their meeting with Kandy Tea Estate?

选项:

A.No.

B.Yes, convince the company to make a public disclosure.

C.Yes, independently verify the information provided by the company.

解释:

Solution
  1. Correct. Though the information is nonpublic, it is unlikely that news of a new factory layout would be considered “material,” especially in that it does not require new machinery or personnel. Therefore, no public disclosure is required. Independent verification is not necessarily required because Prem and Mathew are able to see the increased efficiencies during their factory tour.

  2. Incorrect because even though the information is nonpublic, it is unlikely that news of a new factory layout would be considered “material”, especially since it does not require new machinery or personnel. Therefore, no public disclosure is required.

  3. Incorrect because Prem and Mathew are able to see the increased efficiencies during their factory tour.

Guidance for Standards I–VII
  • recommend practices and procedures designed to prevent violations of the Code of Ethics and Standards of Professional Conduct


截图开始的内容我理解是描述两位主人公到工厂参会后听到了要重组的内幕消息。回到公司后M写了建议为buy的报告,虽然实地走访,这不算使用MNI吗?

1 个答案

小刘_品职助教 · 2025年02月18日

嗨,爱思考的PZer你好:


不算使用MNI,MNI指的是一旦公开可能会对证券价格产生重大影响的非公开信息。

案例背景这个信息虽然未公开,但它只是使茶叶干燥过程效率略有提高,损失会减少1%,不需要新的机器或人员,从这个角度来看,这类信息不太可能对公司的证券价格产生重大影响,不属于Material这个特征。

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就算太阳没有迎着我们而来,我们正在朝着它而去,加油!

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