ESMA · ESMA_QA_1724 Answer Published

Delayed disclosure of inside information under Article 17(5) of MAR: NCA’s denial of consent

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
More Q&As on this regulation →

Question

Where the NCA does not consent to the delay of disclosure under Article 17(5) of MAR, can a credit/financial institution resort to Article 17(4) of MAR?

Answer

[ESMA70-145-111 MAR Q&A, Q&A 5.5] No. Where the relevant conditions are not met, the NCA cannot consent to the delay under Article 17(5) of MAR and, according to Article 17(6) of MAR, the credit/financial institution will have to disclose the inside information immediately. In that case, credit/financial institutions will not be able to resort to the delay of disclosure under Article 17(4) of MAR.
View original on European Securities and Markets Authority ↗

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.

Similar Q&As

Delayed disclosure of inside information under Article 17(5) of MAR: assessment of the relevant conditions

Answered 2018-10-01

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

Answered 2018-10-01

Delayed inside information that lost the feature of the price sensitivity

Answered 2017-09-29

Disclosure of inside information related to Pillar II requirements

Answered 2018-03-23

Disclosure to the public of credit ratings and inside information

Answered 2021-08-06

More Q&As on this topic

Financial guidance and disclosure of inside information

Answered 2022-09-20

Market analysts’ expectations and the identification of inside information

Answered 2022-09-20

Disclosure to the public of credit ratings and inside information

Answered 2021-08-06

Credit ratings, rating outlooks and information relating thereto, pursuant to article 10(2a) of Regulation No 1060/2009

Answered 2021-08-06

Distribution of subscription ratings and disclosure of inside information

Answered 2021-08-06

📋 Track EU financial regulation continuously

Forseti monitors EU financial regulation and delivers personalised alerts anchored to verified official sources.

Start free trial → Learn more

14-day free trial. No credit card required.