On December 17, the UK Financial Conduct Authority (FCA) published issue 58 of its Market Watch newsletter. In this issue, the FCA details its findings on a review of the implementation of the Market Abuse Regulation (MAR).
Among the topics discussed are:
- Market soundings: The FCA comments on different approaches to contacting investors in receipt of market soundings, record-keeping and cleansing following a sounding.
- Insider lists: The FCA notes different approaches to the production of insider lists and comments on the use of other types of lists.
- Obligations for issuers: The FCA comments on possible systems and controls for the identification and disclosure of inside information, including the use of disclosure committees and seeking the views of advisers.
The FCA intends to continue to work closely with market participants to ensure a consistent, effective implementation of MAR.
Market Watch 58 is available here.