General requirements
- Regularly review and update market sounding compliance procedures
Retained EU Law
2016
United Kingdom
Commission Delegated Regulation (EU) 2016/960 of 17 May 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the appropriate arrangements, systems and procedures for disclosing market participants conducting market soundings (Text with EEA relevance)
At a glance
What's here
6 compliance obligations
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Procedures for the purposes of conducting market soundings
- Set up written procedures for conducting market soundings
Standard set of information for the communications to persons receiving the market sounding
- Exchange standard set of information during market soundings
Data regarding persons receiving the market sounding
- Maintain records of market sounding disclosures and opt-out requests
Procedure for notifying where the information has ceased to be inside information
- Notify recipients when market sounding information is no longer inside information
Record keeping requirements
- Keep detailed records of all market soundings
Browse 1 other section — procedural / definitional / commencement
Entry into force
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