​a. Every issuer offering Securities to the public or whose Securities are traded on the Exchange must submit to the Authority quarterly and annual reports. Annual reports must be audited as required by the rules of the Authority. These reports shall contain the following:

1. The balance sheet;
2. The profit and loss account;
3. The cash flow statement; and
4. Any other information as required by the rules of the Authority.
   

b. In addition to the information required in paragraph (a) of this Article, the annual report must contain the following:

1. An adequate description of the issuing company, the nature of its business and its activities as required under the rules of the Authority;
2. Information regarding the members of its board of directors, executive officers, senior staff and major investors or shareholders as required under the rules of the Authority;
3. An evaluation of the issuing company management of current and future developments and any future possibilities that may have significant effect on the business results or financial position of the company as required under the rules of the Authority.
4. Any other information as may be required by the rules of the Authority as it deems necessary to assist investors and their advisers in making a decision to invest in the issuer’s Securities.
   

c. All information and data described in paragraphs (a – l, 2, 3) and (b.3) of this Article shall be deemed confidential. Before providing and disclosing such information and data to the Authority, the issuing company shall be prohibited from disclosing such information to parties not bound by a confidentiality obligation and an obligation to protect such information.