ESMA · ESMA_QA_1723 Answer Published

Delayed disclosure of inside information under Article 17(5) of MAR: notification of the expected duration

Regulation
Market Abuse Regulation (MAR) Regulation (EU) No 596/2014 - Market Intergrity
Topic
Inside information, public disclosure and delayed disclosure of inside information
Submitted
2018-10-01
Answered
2018-10-01
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Question

Are credit/financial institutions required to notify the NCA of the expected duration of the delay under Article 17(5) of MAR?

Answer

[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.
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This Q&A is published by European Securities and Markets Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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