Issuers are under an obligation to disclose inside information as soon aspossible according to the disclosure regime in Art 17 of the Market Abuse Regulation(MAR). The article explores what and when an issuer must disclose. The thresholdfor determining what constitutes inside information is low, which ensures an earlyapplication of the insider dealing regime of MAR Art 8. The low threshold includesinformation of an intermediate nature, which is often uncertain and consequentlylikely to mislead the public if disclosed. However, the disclosure regime allows fordelay to avoid this.

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• Issuers’ duty to disclose inside information