The Market Abuse Regulation 2016: Implications for Share Dealing Codes

Mon 27 Jun 2016

The introduction of the Market Abuse Regulation (MAR) on 3 July 2016 saw the abolition of the Model Code in its entirety.

The FCA have decided not to have any express requirement for listed companies to have a clearance to deal system in place for PDMRs.

The requirements for dealings by PDMRs will now be governed by the relevant provisions of MAR (Article 19 - Managers’ transactions).

This Briefing provides an overview of the new MAR requirements in relation to share dealing.

Download the full briefing