Publication
International Restructuring Newswire
Welcome to the Q2 2024 edition of the Norton Rose Fulbright International Restructuring Newswire.
Global | Publication | June 3, 2016
Welcome to Essential Corporate News, our weekly news service covering the latest developments in the UK corporate world.
On May 30, 2016 the European Securities and Markets Authority (ESMA) published a new Q&A, which provides responses to questions posed by the general public and competent authorities in relation to the practical application of the Market Abuse Regulation (MAR) framework. The Q&A is aimed at competent authorities to ensure that their supervisory activities and their actions are converging along the lines of the responses adopted by ESMA and at helping issuers, investors and other market participants by providing clarity on the content of the market abuse rules.
The Q&A currently includes one question which clarifies the scope of firms subject to the provision in Article 16(2) of MAR requiring them to detect and report suspicious orders and transactions. ESMA confirms that this requirement applies broadly and “persons professionally arranging or executing transactions” will include buy side firms such as UCITS management companies, alternative investment fund managers (AIFMs) and firms professionally engaged in trading on own account.
The Q&A will be updated where relevant as and when new questions or issues arise.
(ESMA, Q&A on the Market Abuse Regulation (ESMA/2016/738), 30.05.16)
On May 31, 2016, the European Commission published additional non-binding Q&A on the implementation of the new statutory audit framework which will apply from June 17, 2016. These Q&A are in addition to those published in September 2014 and February 2016.
The Q&A discuss the following:
Publication
Welcome to the Q2 2024 edition of the Norton Rose Fulbright International Restructuring Newswire.
Publication
On 16 April 2024, the Hon Tanya Plibersek MP, the Minister for the Environment and Water (the Minister) announced progress on the package of reforms to the Environment Protection and Biodiversity Conservation Act 1999 (Cth) (EPBC Act).
Publication
The DOJ Criminal Division’s Pilot Program on Voluntary Self-Disclosure for Individuals aims to encourage individuals with potential criminal exposure to voluntarily disclose corporate criminal conduct in exchange for discretionary grants of immunity.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023