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:
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