DTR 1.3 Information gathering and publication

An issuer, person discharging managerial responsibilities or connected person must provide to the FCA as soon as possible following a request:

1. (1)

   any information that the FCA considers appropriate to protect investors or ensure the smooth operation of the market; and

2. (2)

   any other information or explanation that the FCA may require to verify whether the disclosure rules are being and have been complied with.

1. (1)

   The FCA may, at any time, require an issuer to publish such information in such form and within such time limits as it considers appropriate to protect investors or to ensure the smooth operation of the market.

2. (2)

   If an issuer fails to comply with a requirement under paragraph (1) the FCA may itself publish the information (after giving the issuer an opportunity to make representations as to why it should not be published).

An issuer must take all reasonable care to ensure that any information it notifies to a RIS is not misleading, false or deceptive and does not omit anything likely to affect the import of the information.

An issuer must not combine, in a manner likely to be misleading, a RIS announcement with the marketing of its activities. [Note: Article 2(1) 2003/124/EC]

If an issuer is required to notify information to a RIS at a time when a RIS is not open for business, it must distribute the information as soon as possible to:

1. (1)

   not less than two national newspapers in the United Kingdom;

2. (2)

   two newswire services operating in the United Kingdom; and

3. (3)

   a RIS for release as soon as it opens.

A notification to a RIS that is required under the disclosure rules must be in English.