On 27 November 2019, the FCA published its 25th Primary Market Bulletin. The bulletin discusses the best practices for government departments, public bodies and industry regulators in identifying inside information, controlling and handling that information, disclosing it and dealing with leaks.
Additionally, the bulletin acts as a reminder that David Cunningham King, the chair of Rangers International Football Club PLC, has been cold-shouldered by the Panel on Takeovers and Mergers for a period of four years from the date of the ruling on 2 October 2019. This means that under FCA rules, firms should not have any dealings with Mr. King with respect to any transaction subject to the Takeover Code during this period.
The FCA bulletin can be found here.
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.
