The European Commission has adopted a Commission Implementing Regulation supplementing MAR laying down ITS relating to the precise format of insider lists and for updating insider lists. The Commission has adopted the ITS in substantially the same form, subject to some minor drafting changes, as set out in ESMA’s draft ITS, which were submitted to the Commission on 28 September 2015. The implementing regulation will come into force on 12 March 2016 and will apply from 3 July 2016.