Market Abuse: ESMA Issues Guidelines On Delayed Disclosure Of Inside Information Under MAR

Following the announcement by the European Security and Markets Authority ("ESMA") on the 15^th July 2021 that it had published a consultation paper in relation to the review of its guidelines on the delay of disclosure of inside information under the Market Abuse Regulation (Regulation (EU) 596/2014) ("MAR"), in particular in relation to the banking sector (ESMA70-156-3934) (please see our news item on this here), on the 5^th January 2022 ESMA issued its final report (ESMA70-159-4966) and amended MAR guidelines.

The amended MAR guidelines are supplementing the list of legitimate interests of issuers for delaying public disclosure of inside information, and seek to assist issuers in assessing whether they meet the conditions to delay the disclosure of inside information in terms of MAR.