DTR 2.7 Dealing with rumours

Where there is press speculation or market rumour regarding an issuer, the issuer should assess whether a disclosure obligation arises under article 17(1) of the Market Abuse Regulation. To do this an issuer will need to carefully assess whether the speculation or rumour has given rise to a situation where the issuer has inside information.

The knowledge that press speculation or market rumour is false may not amount to inside information. If it does amount to inside information, the FCA expects that there may be cases where an issuer would be able to delay disclosure in accordance with article 17(4) or 17(5) of the Market Abuse Regulation.