Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

DTR 2.1 Introduction and purpose

Introduction

DTR 2.1.1GRP

1An issuer should be aware that matters that fall within the scope of this chapter may also fall within the scope of:

  1. (1)

    the market abuse regime set out in the Market Abuse Regulation2;

  2. (2)

    Part 7 (Offences relating to Financial Services) of the Financial Services Act 2012 relating to misleading statements and practices;

  3. (3)

    Part V of the Criminal Justice Act 1993 relating to insider dealing; and

  4. (4)

    the Takeover Code.

DTR 2.1.2 GRP

2An issuer that is involved in a matter which also falls within the scope of the Takeover Code should be mindful of its obligations under the Market Abuse Regulation.

Purpose

DTR 2.1.3GRP

The purpose of this chapter is to:

  1. (1)

    promote prompt and fair disclosure of relevant information to the market; and2

  2. (2)

    give guidance on aspects relating to disclosure of such information, including the circumstances allowing delayed disclosure.2