What is a continuous obligation set by the FCA for listed companies?

The continuous obligation set by the Financial Conduct Authority (FCA) for listed companies is to make all price-sensitive information public promptly. This requirement is in place to ensure that all investors have equal access to important information that could influence their investment decisions, thereby promoting transparency and fairness in the markets.

Price-sensitive information, often referred to as "inside information," can significantly affect the value of a company's shares. If such information is not disclosed promptly, it could result in some investors having an unfair advantage over others, undermining market integrity. Thus, the obligation to make this information public helps to maintain investor confidence and protect the interests of the investing public.

The other choices do not reflect continuous obligations as mandated by the FCA. For instance, while external audits and research disclosures are important for corporate governance and transparency, they do not specifically address the mandate concerning the timely disclosure of price-sensitive information that directly impacts market behavior. Additionally, providing yearly bonuses to shareholders is not a regulatory requirement and is at the discretion of the company management based on financial performance and company policy.