Share Dealing Rules—The Model Code under the Listing Rules (deleted under the Market Abuse Regulation)
Share Dealing Rules—The Model Code under the Listing Rules (deleted under the Market Abuse Regulation)

The following Corporate precedent provides comprehensive and up to date legal information covering:

  • Share Dealing Rules—The Model Code under the Listing Rules (deleted under the Market Abuse Regulation)

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see Practice Note: What does IP completion day mean for Corporate lawyers?

Please note that this precedent is for information only and is a memorandum setting out the details of the Model Code that was contained in the Listing Rules for the directors of a public limited company with a premium listing of its equity shares on the Official List of the Financial Conduct Authority. The Model Code was deleted by the FCA as a consequence of the implementation of Regulation (EU) No 596/2014 on market abuse (Market Abuse Regulation) which came into force on 3 July 2016. For further details on the Market Abuse Regulation see Practice Notes: Market Abuse Regulation (MAR)—essentials and Market Abuse Regulation (MAR)—level 2 and level 3 measures.

The Chartered Governance Institute (formerly known as ICSA: The Governance Institute), GC100, the Quoted Companies Alliance (QCA) and other market participants published a guidance note and various specimen dealing codes

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