ESMA publishes Final Report on guidelines concerning delayed disclosure in relation to prudential supervision

The European Securities and Markets Authority (ESMA) has published its Final Report on the amendment of the Market Abuse Regulation guidelines on delayed disclosure in relation to prudential supervision (Guidelines). 

Article 17 of the Market Abuse Regulation provides that issuers of financial instruments should publicly disclose as soon as possible any inside information that directly concerns them, however, where the relevant conditions are met, issuers may, on their own responsibility, delay the disclosure of inside information.

The Guidelines provide guidance to issuers when assessing if they meet the conditions to delay public disclosure of inside information, including a list of legitimate interests and clarifications