Dear Members

SPL has updated its practice note “Employee Share Plans-Related Actions under the EU Market Abuse Regulation”. The new edition of the note is attached and has been loaded onto the SPL website.

The update has been carried out by the Corporate and Regulatory Committee, and thanks go to all of the committee members who contributed to this work.

As ever, should you have any comments or points of practice in relation to MAR that may be of wider interest to fellow SPL members, do not hesitate to make contact with me or any member of the Corporate and Regulatory Committee.

Kind regards

Paul Randall
Co-Chair, Corporate and Regulatory Committee

17 July 2020

Minutes for the SPL Tax Committee Meeting held on 16 October 2019.

Dear All

The European Securities and Markets Authority (ESMA) has recently invited comments on a consultation paper issued as part of a review of the Market Abuse Regulation (MAR). Below is a link to SPL’s response approved by the SPL Corporate and Regulatory Committee. Particular thanks for work on this project go to Hannah Needle (Tapestry Compliance) for drafting the initial response and co-ordinating comments. This will be loaded under the Corporate Governance and Listing Rules section in the “Knowhow Archive” part of our website.


The attached document has been produced by the Share Plan Lawyers Corporate Governance and Regulatory Committee (the “Committee”) to assist members of Share Plan Lawyers advising clients or employment and other colleagues on how the Gender Pay Gap Regulations (the “Regulations”) categorise remuneration (in the broadest sense) received from employee incentive (particularly share-based) arrangements.

This document does not constitute legal advice. The application of the Regulations to a particular circumstance should be considered on its own facts, following analysis of the Regulations and in light of prevailing guidance.

This document sets out the result of discussions of the Corporate and Regulatory Committee in February 2018. 

Please contact Paul Randall ( if you have any questions. 

The note is provided as guidance only and is not a substitute for legal advice.

The final version of the SPL Constitution as agreed and adopted by the SPL Executive Committee on 30 October 2017.

Minutes of question session at Technical Meeting with HMRC 10 January 2017. 


Forgot your password?