Andrew Glaze

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ESMA consults on MiFID II ITS

The European Securities and Markets Authority (“ESMA”) is holding consultations on the remaining Implementing Technical Standards (“ITS”) under the Markets in Financial Instruments Directive II legislation (“MiFID II”), as is required before it makes its final submission to the European Commission. The paper seeks stakeholders’ views on the following three draft ITS: the suspension and removal … Continue Reading

Failure to Identify Related Party Transactions

FCA Imposes Fine on Premium Listed Company for Failing to Identify its Related Party Transactions The Financial Conduct Authority has fined Asia Resource Minerals plc some £4.6m for historic breaches of the Listing Rules on related party transactions (“RPTs”). Although the Company had a policy and procedures in relation to the treatment of RPTs, the Company’s … Continue Reading