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.

Article 5 Procedure for notifying where the information has ceased to be inside information

Where disclosing market participants assess as referred to in Article 11(6) of Regulation (EU) No 596/2014, that the inside information disclosed in the course of a market sounding has ceased to be inside information, they shall provide the person having received the market sounding with the following information:

  1. (a)

    the identity of the disclosing market participant;

  2. (b)

    an identification of the transaction subject to the market sounding;

  3. (c)

    the date and time of the market sounding;

  4. (d)

    the fact that the information disclosed has ceased to be inside information;

  5. (e)

    the date on which the information ceased to be inside information.