ESMA just finalised its review of guidelines on the delay in disclosure of inside information under MAR. Here's what it means for EU market issuers, investment firms, trading venues, and fund managers.

1️⃣ ESMA — Final Review of Guidelines on Delay in Disclosure of Inside Information
ESMA finalised its review of guidelines on legitimate delay in disclosing inside information under MAR rules.
This regulatory update hits listed companies, market actors, and financial intermediaries operating in the EU.
Issuers must review internal disclosure rules, update insider lists, and align protocols with regulatory expectations now.

2️⃣ ESMA — T+1 Settlement Regulatory Framework Completed
ESMA confirmed that the regulatory framework for moving European markets to a T+1 settlement cycle is complete.
The operational shift hits market infrastructures, investment firms, custodian banks, clearing houses, and asset managers in Europe.
Firms must execute system upgrades, automate post-trade tasks, and test core operations in the next twelve months.

3️⃣ Environment Agency — £1.6 Million Fine Issued for Essex River Pollution
The Environment Agency fined A.W. £1.6 million after a severe river pollution event in Essex.
This enforcement action targets industrial site operators, commercial entities, utility firms, and landowners under UK law.
Regulated firms must check environmental risk systems, inspect facilities, and fix discharge controls to cut liability.

🛡️ 4️⃣ BSI — German Parliament Enacts Cyber Resilience Act Law
The German Parliament passed law bringing European Union Cyber Resilience Act rules into federal German law.
This legal mandate applies to makers, software developers, sellers, and importers of digital goods in Germany.
Firms must build vulnerability handling systems, secure supply chains, and meet product compliance timelines now.

5️⃣ Datatilsynet — EUR 8.6 Million Fine Issued for Unlawful Data Processing
Datatilsynet fined Xandr 8.6 million euros for violating GDPR consent rules in personal data processing activities.
This enforcement decision hits adtech vendors, digital publisher networks, data brokers, and marketing intermediaries in the EU.
Firms using ad data must audit user consent forms, check privacy notices, and fix personal data practices now.

Full analysis in the attached RegNext Daily Europe Radar carousel.

— Elena Navarro · Managing Editor, RegNext
Daily Europe Radar · Friday 16 Oct 2026
#EURegulation #UKRegulation #FinancialRegulation #ComplianceIntelligence