Cap. 647 ст. 35Public disclosure of inside information.    Cap. 371.    Cap. 371.   Cap. 376.

(1) Issuers, offerors and persons seeking admission to trading shall inform the public as soon as possible of inside information referred to in Article 87 of the MiCA Regulation that directly concerns them, in a manner that enables fast access as well as complete, correct and timely assessment of the information by the public:

Provided that issuers, offerors and persons seeking admission to trading shall not combine the disclosure of inside information to the public with the marketing of their activities:

Provided further that issuers, offerors and persons seeking admission to trading shall post and maintain on their website, for a period of at least five (5) years, all inside information that they are required to disclose publicly.

(2) Issuers, offerors and persons seeking admission to trading may, on their own responsibility, delay disclosure to the public of inside information referred to in Article 87 of the MiCA Regulation provided that all of the following conditions are met:

(a) immediate disclosure is likely to prejudice the legitimate interests of the issuers, offerors or persons seeking admission to trading;

(b) delay of disclosure is not likely to mislead the public; and

(c) issuers, offerors or persons seeking admission to trading are able to ensure the confidentiality of such information.

(3) Where an issuer, offeror or a person seeking admission to trading has delayed the disclosure of inside information in accordance with sub-article (2), it shall inform the competent authority that disclosure of the information was delayed and shall provide a written explanation of how the conditions set out in sub-article (2) were met, immediately after the information is disclosed to the public.

(4) The provisions of this article shall only apply:

(a) with respect to issuers, offerors and persons seeking admission to trading of crypto-assets other than asset-referenced tokens or e-money tokens when Malta is the home Member State;

(b) with respect to issuers, offerors and persons seeking admission to trading of asset-referenced tokens being credit institutions licensed as such under the Banking Act or persons authorised under Article 21 of the MiCA Regulation and article 11; and

(c) with respect to issuers, offerors and persons seeking admission to trading of e-money tokens being credit institutions licensed as such under the Banking Act or financial institutions authorised to issue electronic money under the

Financial Institutions Act.