Property insurance in “all risks” formula is the product that offers broad protection against all unforeseen events, unless they are expressly excluded in the terms of the contract. Although such a policy provides broad protection, it also involves significant challenges for both consumers and entrepreneurs. In particular, it is important to ensure the transparency of the terms of the contract, as well as the consumer’s full consent to any changes to its content.
The purpose of the information obligations imposed on companies listed on stock exchanges is to influence transparency, clarity and security regarding the regulated market. The above features are to influence investor trust in individual entities, therefore the information obligations of companies are of fundamental importance and the meticulous fulfillment of the imposed obligations may affect the quotations of individual issuers. Public disclosure of confidential information also affects the equality of investors, who, having the same information about entities listed on the stock exchange, can freely make a decision regarding the investment of capital, taking into account the possible investment risk.
The problem of conflict of legal interests in the context of capital market activity concerns the difficult balance between two fundamental obligations, which are provided for by separate legal regulations. The first of these obligations is the obligation to maintain professional secrecy, which includes the protection of confidential information, which is an important element of regulations concerning brokerage, advisory and financial institution operations. According to the provisions of capital market law, confidential information is such data that can significantly affect the price of financial instruments, and its disclosure or unauthorized use can lead to serious violations of the principles of fair trading on the financial market, as well as expose financial institutions and their clients to huge losses.
The issue of securities is one of the key elements of the functioning of the capital market. Thanks to it, companies can obtain funds for development, and investors gain the opportunity to invest capital. However, in order to ensure transparency and protect market participants, European Union legislation and national regulations impose specific requirements regarding the publication of information about issues. The key document that serves to achieve this goal is the issue prospectus. Depending on the nature of the issue, it is also possible to use a simplified prospectus, and in certain situations the law provides for the possibility of conducting a non-prospectus issue.
