ESMA_QA_1723

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1723

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Regulatory Context

Regulation : MAR

Level 1 Regulation: Market Abuse Regulation (MAR) Regulation (EU) No 596/2014 - Market Intergrity

Level 2 Regulation: No information available

Level 3 Regulation: No information available

Topic: Inside information, public disclosure and delayed disclosure of inside information

Subject Matter: Delayed disclosure of inside information under Article 17(5) of MAR: notification of the expected duration

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Question

Submission Date: 01 October 2018

Are credit/financial institutions required to notify the NCA of the expected duration of the delay under Article 17(5) of MAR?

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ESMA Answer

Answer Date: 01-10-2018

[ESMA70-145-111 MAR Q&A, Q&A 5.4] Yes. The credit/financial institutions notifying the NCA of their intention to resort to the financial stability delay are expected to provide their assessment on the expected length of the delay and the details of expected trigger events. If the NCA gives its consent to the delay further to its own assessment of the relevant conditions, credit/financial institutions should inform the NCA whenever they become aware of a new element or event that may affect the duration of the delay under Article 17(5) of MAR.

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This document was automatically extracted from the ESMA EMIR Q&A database.