The following Corporate practice note provides comprehensive and up to date legal information covering:
This Practice Note considers the obligation of an issuer who issues or proposes to issue financial instruments which are within the scope of the Market Abuse Regulation (EU) No 596/2014 (Market Abuse Regulation), or any person acting on their behalf or on their account, to keep insider lists to protect and control the dissemination of inside information.
The operation of the UK market abuse regime may be affected by Brexit. For further see section below on Market Abuse Regulation and Brexit and Practice Note: Brexit—UK listing and prospectus regime.
The Market Abuse Regulation took effect across the EU on 3 July 2016. Its stated goal is to establish a common regulatory framework on insider dealing, the unlawful disclosure of inside information and market manipulation (all forms of market abuse) as well as measures to prevent market abuse to ensure the integrity of financial markets in the EU and to enhance investor protection and confidence in those markets.
One major change introduced by the Market Abuse Regulation is the extension of the market abuse regime to a wider range of financial instruments and trading venues. It now covers financial instruments:
admitted to trading on a regulated market or for which a request for admission to trading on a regulated market has been made
traded on or admitted to trading on a multilateral trading facility (MTF) or for which
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What is a res judicata?A res judicata is a decision given by a judge or tribunal with jurisdiction over the cause of action and the parties, which disposes, with finality, of a matter decided so that it cannot be re-litigated by those bound by the judgment, except on appeal.Final judgments by
BREXIT: UK is leaving EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For further guidance on the impact of Brexit on e-money requirements, see Practice Note: Impact of Brexit: Payment services and electronic money directives—quick
This Practice Note examines:•why negative pledge clauses are used in commercial transactions •the consequences of breaching negative pledge provisions•how negative pledges are viewed in the context of security and quasi-security, and•key considerations when drafting a negative pledge clauseWhere
LiabilityFalse imprisonment consists of the complete deprivation of liberty without a lawful basis. Claims will in practice be made against a public body that exercises detention powers, usually a local police force, the Secretary of State for the Home Department or the Secretary of State for
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