ESMA_QA_1723
01/10/2018
Subject Matter
Delayed disclosure of inside information under Article 17(5) of MAR: notification of the expected duration
    Are credit/financial institutions required to notify the NCA of the expected duration of the delay under Article 17(5) of MAR?
    ESMA Answer
    01-10-2018

      [ESMA70-145-111 MAR Q&A, Q&A 5.4]

      Yes. The credit/financial institutions notifying the NCA of their intention to resort to the financial stability delay are expected to provide their assessment on the expected length of the delay and the details of expected trigger events.

      If the NCA gives its consent to the delay further to its own assessment of the relevant conditions, credit/financial institutions should inform the NCA whenever they become aware of a new element or event that may affect the duration of the delay under Article 17(5) of MAR.

      Status: Answer Published

      Additional Information

      Level 1 Regulation
      Market Abuse Regulation (MAR) Regulation (EU) No 596/2014 - Market Intergrity
      Topic
      Inside information, public disclosure and delayed disclosure of inside information