What is a period of outage?

In general, a period of outage in which access to something is denied or action is prohibited. For example, with regard to finance, there is a period of outage where investors are unable to change their investment plans, such as pension plans or shares of a trading company. These periods usually occur when there is a change in a society that affects the way in which investment plans are solved or before they publicly publish sensitive financial information. For example, in the United States (USA), the US Securities and Stock Exchange Commission (sec) has rules prohibiting trading of consecrated persons during a failure of the outage. In addition to finance, the period may also refer to the period in which the political party is unable to make advertising. Companies

often plan a tear -off period regularly, such as quarterly or half -year; These periods can take anywhere from three to 60 days. Planning is usually done to make employees fair announcement of upcoming ambluckouts and sometimes match with releaseBy means of information on financial earnings. Before publishing on earnings reports, the company's consecration often has access to information that is not accessible to employees, which potentially provides certain people with an unfair advantage with shares or investment packages. This scheduled the period of failure along the release period to avoid trading with the initiates.

Generally, trading of initiated persons is illegal within the investment world. Regulatory authorities have been exchanged by rules and committees that help prevent dedicated persons. For example, the SECONDS and BACK SUGGES ADVANCE is a regulatory arm of the Japanese Financial Services Agency (FSA) and is in charge of the investigation of misconduct. In the US, the Sarbanes-Oxley law of 2002 adopted new rules in response to the ENRON scandal in which Enron went to bankruptcyThe fraud committed by its highest managers. The law stipulates that the company gives employees at least 30 days of notice before the outage period, or offers an explanation if the notification is delayed. According to the law, if the company fails to honor these rules, it may have a fine of $ 100 for each day at the time of the outage. Although the regulations do not accurately deal with what happened in Enron, the spirit of legislation is to protect employees from a business investment fraud.

There are also periods for people who receive social security benefits in the US. This is a period when no benefits are accepted. These periods can take up to several years. For example, a surviving spouse with children who receive benefits for social security survivors