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.