On 2 December 2016, the FCA published its fifteenth quarterly consultation paper. Among other things the FCA proposes to make changes to the Disclosure and Transparency Rules to enable it to comply with the requirements set out in Articles 7 and 9 of the regulatory technical standards on the Transparency Directive (2004/109/EC) concerning the European electronic access point.

The new rules to DTR 6.2 require issuers, whenever they file regulated information under DTR 6.2.2R:

  • to notify the FCA of its legal entity identifier, a unique 20-character reference code which an entity must obtain if involved in a financial transaction; and
  • to notify the FCA of the classifications of all regulated information.

The FCA encourages issuers to abide by these changes from 1 January 2017.

The consultation paper can be accessed below:

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