The Council has published the final text of the Commission Delegated Regulation supplementing EU MAR with regard to regulatory technical standards (RTS) on the appropriate arrangements, systems and procedures for disclosing market participants conducting market soundings. It sets out:

  • appropriate arrangements, procedures and record-keeping requirements to ensure that market sounding activities are managed and controlled effectively;
  • the content of the information communicated in the course of market soundings;
  • data on persons who receive the market soundings; and
  • procedure for notifying when information has ceased to be inside information.

(Source: Council publishes Delegated Regulation on market soundings)