The FCA has published the Market Abuse Regulation Instrument (No 2) 2016, which amends several modules of the FCA handbook, including the Market Conduct sourcebook and the Listing Rules. The vast majority of the changes that were required to be made to the handbook as a result of the application of the Market Abuse Regulation were covered in the FCA’s April 2016 policy statement relating to the implementation of MAR. The instrument also amends Listing Rule 5.6 (Reverse takeovers) and Listing Rule 14.3 (Standard listing; Continuing obligations) in each case to reflect the fact that, once MAR comes into force on 3 July 2016, a listed company’s obligations as regards the disclosure and control of inside information will be set out in MAR itself and not in the FCA’s Disclosure and Transparency Rules.
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