The City of London Law Society (CLLS) and Law Society Company Law Committees’ Joint Working Parties on Market Abuse, Share Plans and Takeovers Code (have published a second Q&A setting out their suggested approach to implementing certain aspects of the Market Abuse Regulation (MAR). The Q&A includes questions and answers in relation to market soundings, stake-building on a takeover and persons discharging managerial responsibilities. The Q&A is subject to review and amendment in the light of practice on the interpretation of the MAR and to any relevant future UK or EU guidance published in relation to the MAR. It is also not intended to be and should not be relied upon as being legal or regulatory advice.
View MAR: CLLS and Law Society second Q&A, 16 August 2016