The Financial Conduct Authority (FCA) is proposing to add new
rules to the Disclosure Guidance and Transparency Rules sourcebook
(DTR), in order to comply with regulatory technical standards on
the Transparency Directive concerning the European electronic
access point (EEAP).
The EEAP is a web portal, accessible through the website of the
European Securities and Markets Authority, which is being developed
to make available all regulated information filed under the
Transparency Directive by companies with shares traded on a
regulated market. Member States must ensure access to their
national central storage mechanisms through the EEAP, so that the
EEAP can provide access to the regulated information which is
stored by these mechanisms.
Users of the EEAP will be able to search the information not
only by home Member State but also by the company's legal
entity identifier and by the type of regulated information,
according to a standard classification scheme. A
company's legal entity identifier is a unique 20 character
code, allocated by a Local Operating Unit such as the London Stock
The intention is that regulated information which has been filed
in the year prior to the EEAP becoming operational will be fully
searchable once the EEAP goes live on 1 January 2018. The FCA
therefore needs to start collecting the relevant information from
companies when they make announcements.
The new rules in DTR 6.2 will require companies to supply their
legal entity identifier and classify regulated information
according to the standard classification set out in a new annex to
DTR 6 when they file regulated information with the FCA. If
the information falls within more than one class in the annex, all
relevant classes must be notified. A company using a primary
information provider, or PIP, to file regulated information with
the FCA will need to ensure that the PIP is able to provide the FCA
with the required information.
Although the new rules are not yet in force, the FCA is
encouraging companies to provide the new information so that the
regulated information they are filing will be fully searchable
through the EEAP when it becomes operational.
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guide to the subject matter. Specialist advice should be sought
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