The Financial Conduct Authority (FCA) has today published its policy proposals and Handbook changes to support the implementation of the new European Market Abuse Regulation regime, which will apply from 3 July 2016.
From this date the principal legal requirements relating to market abuse in the UK will be set out in the EU Market Abuse Regulation and its implementing measures. In its consultation document, the FCA sets out proposals for the necessary changes to its Handbook required in implementing this new regime and invites comments in particular on the different options for implementation the new regime offers Member States in two areas. These concern the requirement to provide an explanation of the delay to the disclosure of inside information and the threshold for disclosure of managers’ transactions.
The closing date for responses to the consultation is 4 February 2016.
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