<!-- headlesslaw {"release":{"id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","published":"2026-11-01T16:41:30Z","pinned":false},"limits":{"coverage":{"history":"current_only","held_since":"2026-10-26","gaps":[],"covered":["2016/959 — ITS — Market soundings systems (ITS) [in force] L2"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","release_published":"2026-11-01T16:41:30Z","checked_at":"2026-10-26","checked_against":"EUR-Lex"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/mar/level-2/its/2016-959-market-soundings-systems/articles/3","url":"https://www.headlesslaw.com/mar/level-2/its/2016-959-market-soundings-systems/articles/3","title":"Article 3 — Format for the record keeping of the data regarding potential investors","family":"l2_unit_view","work_id":"spaces/mar/level-2/its/2016-959-market-soundings-systems","view_of":"/mar/level-2/its/2016-959-market-soundings-systems","status":"in_force","force_status":"in_force","date_state":"current","requested_date":null,"as_of":"2026-11-01","applies_from":null,"application":null,"version_label":"Commission Implementing Regulation (EU) 2016/959, OJ L 160, 17.6.2016","check":{"against":"EUR-Lex","on":"2026-10-26"},"check_result":"matched","official_url":"https://eur-lex.europa.eu/eli/reg_impl/2016/959/oj/eng","valid_from":"2016-06-18","valid_until":null,"content_id":"dbdbb48347c5ba65","versions":["2016-06-18"],"version_url":"https://www.headlesslaw.com/mar/level-2/its/2016-959-market-soundings-systems/articles/3/versions/2026-10-26","revision_url":"https://www.headlesslaw.com/mar/level-2/its/2016-959-market-soundings-systems/articles/3/versions/2026-10-26/rev/dbdbb48347c5ba65","versions_url":"https://www.headlesslaw.com/mar/level-2/its/2016-959-market-soundings-systems/articles/3/versions","relations_url":"https://www.headlesslaw.com/mar/level-2/its/2016-959-market-soundings-systems/articles/3/relations","act_url":"https://www.headlesslaw.com/mar/level-2/its/2016-959-market-soundings-systems#art-3","source_line":"Commission Implementing Regulation (EU) 2016/959 · binding · OJ L 160, 17.6.2016 · dated 17 May 2016 [in force]","attribution":{"prepared_by":"European Commission","published_by":"Publications Office of the EU","published_in":"Official Journal of the European Union","document_type":"implementing_regulation","legal_nature":"binding_adopted","addressees":"not stated in the document","dates":{"document_date":"2016-05-17","entry_into_force":"2016-06-18","locators":{"document_date":"CELLAR 32016R0959 work_date_document","entry_into_force":"CELLAR 32016R0959 resource_legal_date_entry-into-force (earliest)"}},"adoption":null},"context":{"act":{"work_id":"spaces/mar/level-2/its/2016-959-market-soundings-systems","path":"/mar/level-2/its/2016-959-market-soundings-systems","name":"Commission Implementing Regulation (EU) 2016/959","number":"2016/959","celex":"32016R0959","title_official":"COMMISSION IMPLEMENTING REGULATION (EU) 2016/959 of 17 May 2016 laying down implementing technical standards for market soundings with regard to the systems and notification templates to be used by disclosing market participants and the format of the records in accordance with Regulation (EU) No 596/2014 of the European Parliament and of the Council (Text with EEA relevance)","document_date":"2016-05-17"},"position":{"kind":"article","key":"3","index":3,"articles":5,"annexes":3},"prev":{"path":"/mar/level-2/its/2016-959-market-soundings-systems/articles/2","key":"2","title":"Article 2 — Format for the record keeping of the written minutes or notes"},"next":{"path":"/mar/level-2/its/2016-959-market-soundings-systems/articles/4","key":"4","title":"Article 4 — Format for communicating and recording that the information has ceased to be inside information"},"act_anchor":"#art-3"}}} -->
# Article 3 — Format for the record keeping of the data regarding potential investors

**Commission Implementing Regulation (EU) 2016/959 · binding · OJ L 160, 17.6.2016 · dated 17 May 2016 [in force]**

*In force · Commission Implementing Regulation (EU) 2016/959, OJ L 160, 17.6.2016 · Checked against EUR-Lex on 26 Oct 2026 · [Official source](https://eur-lex.europa.eu/eli/reg_impl/2016/959/oj/eng)*

1. <a id="art-3-p-1"></a>Disclosing market participants shall keep records of the information referred to in Article 4(1) of Delegated Regulation (EU) 2016/960 in the form of separate lists for each market sounding.
1. <a id="art-3-p-2"></a>Disclosing market participants shall keep records of the information referred to in Article 4(2) of Delegated Regulation (EU) 2016/960 in the form of a single list.