Not rendering correctly? View this email as a web page here.
Thrings_link headerV9-01.jpg

 

 

FCA CONSULTS ON DELAYED DISCLOSURE
OF INSIDE INFORMATION

Since the entry into force of the Market Abuse Regulation on 3 July 2016, market participants have been adapting to the new legislative landscape. 

 

A problematic area has been deciding when inside information could be held back from the market. On 20 October 2016, the European Securities and Markets Authority (ESMA) published guidelines, which were not completely aligned with the current Financial Conduct Authority’s (FCA) Disclosure Guidance and Transparency Sourcebook (DTR).  As a result, the FCA has proposed changes to DTR 2.5 to bring it in line with ESMA’s position. . 

This article provides an update of the changes introduced by ESMA and the FCA’s reaction to them.

Read the full article

 

For more information please contact: 

Jonathan Morris - Partner in the Corporate team.

 

The contents of this e-mail and any attachments are confidential and may be legally privileged. If you are not the intended recipient please notify the sender immediately by replying by email and then delete the email from your system. Do not use, copy or disclose the information contained in this message or in any attachment. You should carry out your own virus checks before opening any attachments to this e-mail and Thrings accepts no liability for any loss or damage which may be cause by software viruses. Thrings is a trading style of Thrings LLP. Thrings LLP is authorised and regulated by the Solicitors Regulation Authority. Our professional code of conduct can be accessed here. Thrings LLP is a limited liability partnership registered in England & Wales under number OC342744. A list of members is available for inspection at our registered office which is 6 Drakes Meadow, Penny Lane, Swindon SN3 3LL.