The FCA has updated its supervisory approach on the 30-day closed period requirement under MAR. Earlier this month, ESMA confirmed in its updated Q&As that the announcement of preliminary financial results agreed by the management body of the issuer will constitute the announcement marking the end date of the closed period under MAR. This confirmed the position maintained by the FCA in its statement of supervisory approach on 26 May 2016 and the FCA as a result has updated this statement to refer market participants to ESMA's Q&As on MAR.