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On 2 August 2016, the LSE issued a statement regarding the
amendment of the AIM Rules with respect to the FCA's
supervisory role in relation to closed periods and preliminary
results under MAR. Following ESMA's guidance published on 13
July 2016, the LSE noted that it viewed any amendment to the AIM
Rules as unnecessary.
The LSE has also published FAQs on MAR, which address a number
of issues that arise from the overlapping market abuse rules that
AIM companies face, both under MAR and under certain provisions of
the AIM Rules for Companies (e.g. those requiring disclosure of
price sensitive information without delay (c.f. to the MAR
requirement for the disclosure of inside information promptly) and
those requiring an AIM company to have in place a "reasonable
and effective dealing policy" (c.f. to the MAR requirement
that directors and certain other senior managers do not deal in
issuer securities during "closed periods")).
These FAQs are available here:
http://www.londonstockexchange.com/companies-and-advisors/aim/faq/mar-faqs.htm
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.
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