Which of the Following Statements Is Not Correct in Relation

Which of the following statements is not correct in relation to continuous disclosure?

A) ASX Listing Rules require that a company immediately notify the ASX of any information concerning the entity of which it is or becomes aware and which a reasonable person would expect to have a material effect on the price or value of securities of the firm.
B) If information is confidential (i.e.not known outside the company) ,then a company may choose not to disclose if a reasonable person would not think it necessary to disclose and the information is insufficiently clear or a trade secret,subject to incomplete proposals or negotiations.
C) Continuous disclosure is the specific requirement of listed entities under ASX Listing Rule.There is no legislative force to the requirements.
D) Auditors play a crucial role in disclosure,because they have an obligation to report to the members through an auditor's report.