---
title: "Build the disclosure decision record for a market-sensitive development"
url: "https://ailawframework.com/practice/capital-markets-and-securities-ecm-dcm-and-disclosure/build-the-disclosure-decision-record-for-a-market-sensitive-development"
type: "task"
site: "AI Law Framework"
id: "A4-X20260927-10"
practice_area: "Capital Markets & Securities — ECM/DCM and Disclosure"
tier: "red"
lawyer_review: "required"
last_reviewed: "2026-10-22"
---

# Build the disclosure decision record for a market-sensitive development

> Index the emails, board papers and file notes into a who-knew-what-when chronology, extract the material bearing on each limb of the confidentiality carve-out, and list the points in the record that have no source.…

Canonical page: https://ailawframework.com/practice/capital-markets-and-securities-ecm-dcm-and-disclosure/build-the-disclosure-decision-record-for-a-market-sensitive-development  
Last reviewed: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Capital Markets & Securities — ECM/DCM and Disclosure](https://ailawframework.com/practice/capital-markets-and-securities-ecm-dcm-and-disclosure.md) |
| Human involvement | Red: Lawyer writes; AI may check, clarify or collect data |
| How AI is used | Index the emails, board papers and file notes into a who-knew-what-when chronology, extract the material bearing on each limb of the confidentiality carve-out, and list the points in the record that have no source. It writes no part of the decision, the reasoning or any announcement. |
| What the lawyer must review | The lawyer and the disclosure committee decide whether the information is market sensitive, whether the carve-out still applies and what is announced, and write the record themselves. |
| Written for / versions | 1 jurisdiction versions below |

## Checking plan

**Lawyer-led judgement**

The lawyer makes the substantive assessment. Any permitted AI assistance remains supporting work with its own checks.

- What the AI does: Index the emails, board papers and file notes into a who-knew-what-when chronology, extract the material bearing on each limb of the confidentiality carve-out, and list the points in the record that have no source. It writes no part of the decision, the reasoning or any announcement.
- What the lawyer does: The lawyer and the disclosure committee decide whether the information is market sensitive, whether the carve-out still applies and what is announced, and write the record themselves.
- Who reviews: Responsible lawyer with competence in the matter
- Basis: Practical workflow informed by the linked primary sources; the traffic light and working checks are editorial guidance, not a court classification.
- Why: The level reflects what the work is, the consequence of an error, and how much of the output the lawyer must independently re-derive.
- Restriction: The lawyer makes the substantive assessment. Any permitted AI assistance remains supporting work with its own checks.

## Checks the lawyer makes

1. Confirm the instructions, the jurisdiction and the complete relevant material before starting.
2. The lawyer and the disclosure committee decide whether the information is market sensitive, whether the carve-out still applies and what is announced, and write the record themselves.
3. Check the output against the source documents named in it before it is relied on.

## Notes

- These are suggested working checks. Confirm the required checking with the responsible lawyer before work starts; the checking approach does not establish permission to use AI.

## Sources

- [https://www.asx.com.au/content/dam/asx/rules-guidance-notes-waivers/asx-listing-rules/guidance-notes/gn08-continuous-disclosure.pdf](https://www.asx.com.au/content/dam/asx/rules-guidance-notes-waivers/asx-listing-rules/guidance-notes/gn08-continuous-disclosure.pdf) (checked 2026-09-27)
- [https://www.asx.com.au/documents/rules/gn16_trading_halts.pdf](https://www.asx.com.au/documents/rules/gn16_trading_halts.pdf) (checked 2026-09-27)
- [https://www.asx.com.au/documents/rules/Chapter03.pdf](https://www.asx.com.au/documents/rules/Chapter03.pdf) (checked 2026-09-27)
- [https://www.legislation.gov.au/C2004A00818/latest/text](https://www.legislation.gov.au/C2004A00818/latest/text) (checked 2026-09-27)

## Forms and precedents for this task

| Form or precedent | Kind | AI level | Summary |
| --- | --- | --- | --- |
| [ASX announcement sign-off checklist (market sensitivity, verification, authorisation and release)](https://ailawframework.com/precedents/capital-markets-and-securities-ecm-dcm-and-disclosure/asx-announcement-sign-off-checklist.md) | Checklist | Yellow | A checklist for each ASX announcement: whether it is market sensitive under Listing Rule 3.1, verification of every statement against source documents, consistency with earlier disclosure,… |

Signed-in accounts can read the full text of each one.

## Jurisdiction versions

| Jurisdiction | Level |
| --- | --- |
| [United States](https://ailawframework.com/practice/capital-markets-and-securities-ecm-dcm-and-disclosure/build-the-disclosure-decision-record-for-a-market-sensitive-development/united-states.md) | Red |

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*