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Market Abuse Regime - Coggle Diagram
Market Abuse Regime
Disclosure requirements
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Article 17 provides that an issuer shall inform the public as soon as possible of inside information which directly concerns the issuer
The inside information must be made public in a manner which enables fast access and complete, correct and timely assessment of the information by the public
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Issuers must keep the insider list up to date and the list must be retained for at least 5 years following the date it is drawn up or updated
Upon request, the issuer must provide the insider list to the FCA
Issuers must keep the insider list up to date and the list must be retained for at least 5 years following the date it is drawn up or updates
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Persons discharging managerial responsibilities as well as those closely associated with them shall notify the issuer and the FCA of every transaction conducted on their own relating to shares or debt instruments of that issuer
The issuer must ensure this information is made promptly public no later than 3 business days after the transactions
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Insider dealing
A person who has engaged in insider dealing under MAR may also be found guilty of the insider dealing offence under CJA1993
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Article 8 provides that the prohibition on insider dealing only applies to those persons who possess inside information as a result of
Being a member of the administrative, management or supervisory bodies of the issuer
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Having access to the information through the exercise of an employment, profession or duties
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Inside information
Information of a precise nature which has not been made public, relating, directly or indirectly one or more issuers or to one or more financial instruments and which if it were made public, would be likely to have a significant effect on the prices of those financial instruments or on the price of related derivative financial instruments
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Administrative sanctions
Imposing upon a person a penalty of such amount as the FCA considers appropriate and/or publishing a statement censuring
Temporarily or permanently prohibiting a person from holding certain positions such as an office or position involving responsibility for taking decisions about the management of an investment firm
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Suspending for such period as the FCA considers approprirat any permission which P has to carry on a regulated activity
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