UK:
ICAP Securities & Derivatives Exchange: Final Revised Growth Market Rules For Issuers
08 November 2016
Shearman & Sterling LLP
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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- Throughout the document, "director" has been replaced
by "PDMR".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:
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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