UK:
Primary Market Bulletin No.19 Published By The FCA On Changes To The UKLA Knowledge Base
27 July 2018
Shearman & Sterling LLP
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On 11 June 2018, the FCA published its 19th Primary Market
Bulletin to consult on changes to the UKLA Knowledge Base. The
bulletin covers a proposed update to the FCA's current
technical note on periodic information and inside information.
According to the proposed update, issuers preparing financial
reports should assess on a continuous basis whether information
they hold is inside information as set out in Article 7 of MAR.
Issuers should assume that information regarding financial results
could be inside information. Issuers should exercise judgement and
conduct ongoing assessments in good faith, including when assessing
if immediate disclosure will prejudice the issuer's legitimate
interests.
Comments on the proposed update are due by 23 July 2018.
The bulletin can be accessed here:
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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