Market Abuse Regulation: will you be ready?
We have prepared a factsheet for UK listed companies to help them start planning ahead for the new EU Market Abuse Regulation, which will take effect in July 2016.
MAR will introduce a new regime for market abuse (market manipulation and insider dealing) alongside new rules on disclosure of inside information, insider lists and restrictions on dealings by persons discharging managerial responsibilities and their associated persons. The new rules will apply to listed companies (including those listed on AIM).
The new regime is broadly comparable to the existing one in the UK, but there are a number of differences which will affect listed company procedures, systems and controls. The new rules will be more significant for AIM-listed companies, who do not currently have to comply with the same standards as main market companies on PDMR dealings, disclosure of inside information and insider lists.
The factsheet is available on the Linklaters Knowledge Portal, a one stop shop for value-added know-how reserved for our clients, here.