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    New FCA Obligations for UK Listed Companies

    After informing the market about planned changes to DTR 6.2 in its consultation paper (CP16/39) in December 2016, the Financial Conduct Authority (FCA) announced (Handbook Notice No. 42) that the new obligations will become mandatory on 1 October 2017.

    The news rules require issuers (in a Regulated Market) to provide a Legal Entity Identifier (LEI) when filing regulated information and to classify the information according to the legal obligations under which it is disclosed. The categories are defined in the Regulatory Technical Standards (RTS) of the Transparency Directive (2004/109/EC) (please see Annex section B) and are different to the existing FCA categories. The handbook notice states that: “It is not possible to map this category to any particular FCA category because, potentially, every FCA category could contain inside information and it would not be possible to separate out the inside information.

    Although this does not affect MTF issuers (e.g. AIM and NEX), following the Market Abuse Regulation the FCA has stated that it would prefer all issuers, including AIM and NEX, to publish their LEI code in PDMR announcements (FCA PDMR Guide, page 7).


    New regulation for UK issuers in EQS COCKPIT

    As the FCA has been encouraging issuers to comply with the new regulation since 1 January 2017 (when Articles 7 and 9 of the RTS came into force), we made the necessary modifications in the regulatory news section of the EQS COCKPIT in December 2016, making it easier for issuers to comply with the new requirements.

    Please do not hesitate to contact us if you have any questions about the new requirements. As a FCA approved Primary Information Provider (PIP) working for 150 issuers in the UK and more than 2,200 globally, we are happy to share our expertise with you.

    April 18, 2017
    April 18, 2017