In a recent Dear CEO Letter (the Letter), the Malta Financial Services Authority (MFSA) provided the market with a summary of its findings from a data-gathering exercise carried out with 28 Maltese issuers in respect of their obligation to keep insider lists (LOI) in terms of article 18 of the EU Market Abuse Regulation (MAR).
As a general note, the MFSA noted a positive shift in compliance with the provisions of article 18 MAR however its findings also evidence a clear need for further improvements by issuers. The key findings of the Letter, as well as our own personal observations are set out below.
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