UK:
Updated CLLS/Law Society MAR Q&A
09 August 2017
Shearman & Sterling LLP
To print this article, all you need is to be registered or login on Mondaq.com.
On 30 June 2017, the City of London Law Society and the Law
Society published their updated Q&A on MAR. This updated
version of the Q&A includes a new Part C relating to various
transactions (for example, placings or open offers, etc.) involving
a subscription for shares. It addresses three specific questions in
relation to disclosure of inside information in connection with
such transactions:
- can the issuer selectively disclose
inside information to counterparties to such transactions;
- if so, can the issuer delay the
disclosure of that inside information to the market; and
- does that inside information have to
be announced before contracts in respect of the relevant
transaction are entered into.
The full text of the updated Q&A is available at:
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.
POPULAR ARTICLES ON: Finance and Banking from UK
Asset Recovery Comparative Guide
Bird & Bird
Asset Recovery Comparative Guide for the jurisdiction of UK, check out our comparative guides section to compare across multiple countries
Q&A: Safe Harbours For VASPs - Part 1
Ogier
Asian Legal Business was keen to hear from our experts on how this will allow virtual asset services providers (VASPs) to anchor in theses jurisdictions, despite increased regulatory burdens...
Q&A: Safe Harbours For VASPs - Part 2
Ogier
In 2023, Jersey and the British Virgin Islands passed legislation indicating they were welcoming virtual asset service providers, joining the likes of the Cayman Islands...
CRD VI And Its Impact On Lending Into Europe
Cadwalader, Wickersham & Taft LLP
December 2023 saw the publication by the EU of the near-final version of its ‘Banking Package' that makes significant changes to the Capital Requirements Directive known as ‘CRD VI'.
Financial Promotion Exemptions – UK Government U-Turn
Shepherd and Wedderburn LLP
In response to criticism, the UK Government announced in the 2024 Spring Budget that recent changes to the financial promotion exemptions eligibility criteria would be partially reversed from 27 March 2024.