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.
Co-Chair, Corporate and Regulatory Committee
17 July 2020
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 final version of the SPL Constitution as agreed and adopted by the SPL Executive Committee on 30 October 2017.
A suggested approach to the application of the EU Market Abuse Regulation (MAR) to employee share plans-related actions. Prepared for the benefit of members of the SPLG. This version is dated 30 September 2016 has been uploaded on 14 November. It replaces any versions of this document you may have obtained prior to that date.
Response of the Share Plan Lawyers to Financial Conduct Authority policy proposals and Handbook changes relating to the implementation of the Market Abuse Regulations (Consultation Paper CP15/35)
SPL response dated 8 December 2010 to questions raised in the FSA Consultation Paper 10/27: Implementing CRD3 requirements on the disclosure of remuneration including:
- proposed approach to implement the disclosure requirements of CRD3;
- requirements in terms of frequency and form of disclosure;
- possible disadvantages in extending the scope of disclosure requirements to third country BIPRU firms re activities carried on from establishments in the UK;
- application of the principle of proportionality to institutions;
- staff/types of information;
- observations re cost-benefit analysis.
Paper consulting on FSA’s proposed approach to implement requirements relating to the disclosure of remuneration introduced by recent amendments to the Capital Requirements Directive (CRD3) and in force from 1 January 2011.
SPL response dated 7 October 2010 to questions contained in FSA Consultation Paper 10/19: revising the Remuneration Code.
Consultation Paper regarding changes to the Remuneration Code following the passing of the Financial Services Act 2010 in April 2010 and amendments to the Capital Requirements Directive (CRD3) which came into force on 1 January 2011.
SPL response dated 26 August 2010 to European Commission Green Paper: Corporate Governance in Financial Institutions and Remuneration Policies (COM (2010) 284/3).