ComplyLog

Delaying disclosure: the identity of the person responsible

COMMISSION IMPLEMENTING REGULATION (EU) 2016/1055 Article 4

1. For the purpose of delaying the public disclosure of inside information in accordance with the third subparagraph of Article 17(4) of Regulation (EU) No 596/2014, issuers and emission allowance market participants shall use technical means that ensure the accessibility, readability, and maintenance in a durable medium of the following information:

(b) the identity of the persons within the issuer or emission allowance market participant responsible for:

(i) making the decision to delay disclosure and deciding on the start of the delay and its likely end;

(ii) ensuring the ongoing monitoring of the conditions for the delay;

(iii) making the decision to publicly disclose the inside information;

(iv) providing the requested information about the delay and the written explanation to the competent authority;