The FCA has published Policy Statement 16/13: Implementation of the Market Abuse Regulation (PS16/13).
In PS16/13 the FCA summarises the feedback it received to Consultation Papers 15/35 and 15/38. The FCA has incorporated the feedback to these consultations into the changes to the FCA Handbook that are required to implement the EU Market Abuse Regulation (MAR). The final changes to the Handbook are set out in Appendix 1 of PS16/13 and these come into force on 3 July 2016.
The FCA also states that it anticipates adding further sign posts in the Handbook to provisions of MAR’s implementing measures at a later stage. These cannot be added now as the implementing measures have not yet been published in the Official Journal of the EU.
It is worth noting that in relation to the discretion given to national competent authorities under Article 17 MAR (public disclosure of inside information) the FCA is maintaining its position of setting the threshold at €5,000 pursuant to Article 17(8) MAR and will not at this stage be increasing the threshold to €20,000.
View PS16/13: Implementation of the Market Abuse Regulation, 28 April 2016