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  1. Point in time
    2012-04-27

DTR 2.1 Introduction and purpose

Introduction

DTR 2.1.1GRP

1An issuer should be aware that matters that fall within the scope of this chapter may also fall within the scope of:

  1. (1)

    the market abuse regime set out in section 118 of the Act;

  2. (2)

    section 397 of the Act relating to misleading statements and practices;

  3. (3)

    Part V of the Criminal Justice Act 1993 relating to insider dealing; and

  4. (4)

    the Takeover Code.

DTR 2.1.2R

If an issuer is involved in a matter which also falls within the scope of the Takeover Code it must nevertheless comply with its obligations under this chapter.

Purpose

DTR 2.1.3GRP

The purpose of this chapter is to:

  1. (1)

    promote prompt and fair disclosure of relevant information to the market; and [Note: Recital 24 Market Abuse Directive]

  2. (2)

    set out specific circumstances when an issuer can delay public disclosure of inside information and requirements to ensure that such information is kept confidential in order to protect investors and prevent insider dealing. [Note: Recital 5 2003/124/EC]