We offer a comprehensive solution for businesses who are affected by the new Market Abuse Regulation.
The Market Abuse Regulation (MAR) came into force on 3 July 2016. It is EU legislation with direct effect, which replaces the Market Abuse Directive (MAD). For AIM and ISDX companies, there will be a new regime altogether since AIM and ISDX securities (together with debt instruments issued by an AIM company or an ISDX company and related derivatives and linked financial instruments) are in scope.
The FCA is responsible for enforcement of MAR and investigation of breaches but cannot give any waivers or derogations. However, as market regulator for AIM companies the London Stock Exchange has retained its rules relating to disclosure of price sensitive information by AIM companies, so the regimes operate in parallel. ISDX has a similar approach.
How we can help you
We offer a comprehensive solution for businesses who are affected by the new Market Abuse Regulation, which includes:
- implementation memorandum; overview of the MAR and steps taken by the company to ensure compliance
- a template for Article 19(5) notifications to PDMRs and by PDMRs to their PCAs;
- acknowledgment and template for those on MAR insider lists;
- new tailored dealing code, group-wide policy and procedures manual;
- specimen wording for inclusion in an announcement required when notifying inside information;
- minutes for decision to delay disclosure;
- tailored advice;
- links to the Level 1, Level 2 and Level 3 legislation; and
- Q&A service.