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Commission Implementing Regulation (EU) 2016/959 of 17 May 2016 laying down implementing technical standards for market soundings with regard to the systems and notification templates to be used by disclosing market participants and the format of the records in accordance with Regulation (EU) No 596/2014 of the European Parliament and of the Council (Text with EEA relevance)

CELEX
32016R0959
Document type
REG_IMPL
Sector
Legislation
Date of document
2016-05-17
In force since
2016-07-03
Status
In force

Text

Article-level text, parsed from the formex manifestation.

Article 1 Electronic format for the records

All the records referred to in Article 6 of Commission Delegated Regulation (EU) 2016/960 shall be kept in an electronic format.

Article 2 Format for the record keeping of the written minutes or notes

Disclosing market participants shall draw up the written minutes or notes referred to in Article 6(2)(d) of Delegated Regulation (EU) 2016/960 in an electronic format using: (a) the template set out in Annex I where disclosing market participants consider that the market sounding involves the disclosure of inside information; (b) the template set out in Annex II where disclosing market participants consider that the market sounding does not involve the disclosure of inside information.

Article 3 Format for the record keeping of the data regarding potential investors

1 Disclosing market participants shall keep records of the information referred to in Article 4(1) of Delegated Regulation (EU) 2016/960 in the form of separate lists for each market sounding.

2 Disclosing market participants shall keep records of the information referred to in Article 4(2) of Delegated Regulation (EU) 2016/960 in the form of a single list.

Article 4 Format for communicating and recording that the information has ceased to be inside information

1 Disclosing market participants shall inform in writing the persons that received the market soundings that the information disclosed in the course of the market sounding has ceased to be inside information.

2 Disclosing market participants shall record the information given in accordance with paragraph 1 in compliance with the template set out in Annex III.

Article 5 Entry into force

This Regulation shall enter into force on the day following that of its publication in the Official Journal of the European Union. It shall apply from 3 July 2016.

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