Proposals on the disclosure of inside information

According to the amended EU Market Abuse Regulation (MAR), there will be a paradigm shift regarding the disclosure of inside information. In protracted processes such as M&A transactions inside information has only to be published when the final event has occurred. However, the EU Commission will define in a delegated act which processes are affected and what will be considered a final event within the meaning of the MAR. Our discussion paper suggests how the delegated act should be structured so that simplifications for the compliance of listed companies will result as it is intended by the reform.