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ARTICLE · 09 AUGUST 2017

Updated CLLS/Law Society MAR Q&A

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On 30 June 2017, the City of London Law Society and the Law Society published their updated Q&A on MAR.

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On 30 June 2017, the City of London Law Society and the Law Society published their updated Q&A on MAR. This updated version of the Q&A includes a new Part C relating to various transactions (for example, placings or open offers, etc.) involving a subscription for shares. It addresses three specific questions in relation to disclosure of inside information in connection with such transactions:

  • can the issuer selectively disclose inside information to counterparties to such transactions;
  • if so, can the issuer delay the disclosure of that inside information to the market; and
  • does that inside information have to be announced before contracts in respect of the relevant transaction are entered into.

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