C5Part VI Official Listing
Miscellaneous
F1C1C2C3C496AF1Disclosure of information requirements
1
Disclosure rules must include provision specifying the disclosure of information requirements to be complied with by—
a
issuers who have requested or approved admission of their financial instruments to trading on a regulated market in the United Kingdom;
b
persons acting on behalf of or for the account of such issuers;
c
persons discharging managerial responsibilities within an issuer—
i
who is registered in the United Kingdom and who has requested or approved admission of its shares to trading on a regulated market; or
ii
who is not registered in the United Kingdom or any other EEA State but who has requested or approved admission of its shares to trading on a regulated market and who is required to file annual information in relation to the shares in the United Kingdom in accordance with Article 10 of the prospectus directive;
d
persons connected to such persons discharging managerial responsibilities.
2
The rules must in particular—
a
require an issuer to publish specified inside information;
b
require an issuer to publish any significant change concerning information it has already published in accordance with paragraph (a);
c
allow an issuer to delay the publication of inside information in specified circumstances;
d
require an issuer (or a person acting on his behalf or for his account) who discloses inside information to a third party to publish that information without delay in specified circumstances;
e
require an issuer (or person acting on his behalf or for his account) to draw up a list of those persons working for him who have access to inside information relating directly or indirectly to that issuer; and
f
require persons discharging managerial responsibilities within an issuer falling within subsection (1)(c)(i) or (ii), and persons connected to such persons discharging managerial responsibilities, to disclose transactions conducted on their own account in shares of the issuer, or derivatives or any other financial instrument relating to those shares.
3
Disclosure rules may make provision with respect to the action that may be taken by the competent authority in respect of non-compliance.
Pt. 6 (ss. 72-103) applied (with modifications) (1.12.2001) by S.I. 1995/1537, Sch. 4 (as amended (1.12.2001) by S.I. 2001/3649, arts. 1, 511)