ESMA Adds Five Examples for Delaying Inside-Information Disclosure
Photo: TokenPost
The European Securities and Markets Authority (ESMA), the European Union’s financial markets regulator, finalized guidance Oct. 16 that adds five examples of when issuers may delay disclosing inside information under the bloc’s Market Abuse Regulation (MAR). EU rules generally require issuers to disclose inside information as soon as possible. ESMA’s guidance gives a non-exhaustive set of legitimate interests that may support a delay. Examples include a request from a public authority to keep information confidential; a need for additional information so market participants can assess it accurately; and a risk that disclosure of sensitive commercial information could cost the issuer…
Source: TokenPost
