The Financial Services Authority (FSA), the UK's regulator, said on Friday that analysts are still capable of piecing together price-sensitive information from listed companies despite disclosure rules such as those set out by the Securities and Exchange Commission (SEC) last week.

The SEC issued a ruling last week that companies must make price-sensitive information available to all investors at the same time, rather than leak-sensitive information to favoured analysts. That ruling is in line with the FSA's, which has stated that companies must make price-sensitive information available on the London Stock Exchange's Regulatory News Service before disclosing details to analysts.