Preliminary Financial Accounts - the FCA’s Moratorium “Request”

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The FCA asks issuers to delay publishing their preliminary financial results due to COVID-19.

Key Points:

..The FCA is asking issuers to delay the publication of their preliminary financial accounts by at least two weeks.

..The FCA also reminds issuers that the Market Abuse Regulation (MAR) remains in full force.

On 21 March 2020, the FCA announced that it would be writing to issuers to “strongly request” them to observe a moratorium on the publication of preliminary financial accounts for a period of at least two weeks. Several reasons were given...

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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