UK: ICAP Securities & Derivatives Exchange: Final Revised Growth Market Rules For Issuers

On 1 July 2016 the revised ICAP Securities & Derivatives Exchange ("ISDX") Growth Market Rules for Issuers came into force.

This follows its consultation in June 2016. The final version includes the following amendments to the draft proposed in the consultation:

• The guidance note to Rule 32 (price sensitive information) has been deleted. The note referred to an issuer's disclosure obligations under MAR.
• Rule 43 (disclosure of dealings by PDMRs) has been deleted.
• Rule 71 (code of dealing) has been amended to remove any duplication of the provisions of MAR.
• Throughout the document, "director" has been replaced by "PDMR".

The rules can be accessed here:

• http://www.isdx.com/assets/pdfs/ISDX%20Growth%20Market%20Rules%20July%202016.pdf

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.