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---
title: "ESMA Q&A 1723 — Q&A — Delayed disclosure of inside information under Article [Answer Published]"
shortTitle: "ESMA Q&A 1723 — Q&A — Delayed disclosure of inside information under Article [Answer Published]"
answer_id: ESMA_QA_1723
topic: "Inside information, public disclosure and delayed disclosure of inside information"
status: "Answer Published"
type: qa
instrument_type: qa
authority: ESMA
binding: false
binding_character: non_binding
legal_status: in_force
regulation: "MAR"
mar_level3: true
mica_level2: false
legal_basis: "MAR"
date: 1 October 2018
source_link: https://www.esma.europa.eu/publications-data/questions-answers/1723
lifecycle: "Answer Published"
text_version: "ESMA Q&A register, 1 October 2018"
source_url: "https://www.esma.europa.eu/publications-data/questions-answers/1723"
check_status: matched
verified: true
last_checked: 2026-10-27
checked_against: "the ESMA publication"
source:
  prepared_by: "ESMA"
  published_by: "ESMA"
  published_in: "ESMA Q&A tool"
  evidence:
    prepared_by: "ESMA Answer"
    locator: "ESMA Q&A entry ESMA_QA_1723: field 'ESMA Answer', no 'Answer provided by' line"
document_type: "qa_answer"
legal_nature: "not_legislation"
addressees: "not stated in the document"
dates:
  published_on: "2018-10-01"
  question_submitted_on: "2018-10-01"
  locators:
    published_on: "ESMA Q&A Excel export ESMA_QA_1723, column 'Esma responses', date line"
    question_submitted_on: "ESMA Q&A Excel export ESMA_QA_1723, column 'Date of submission'"
lifecycle_label: "Answer Published"
---

**Answer by ESMA, published in its Q&A tool · not legislation · published 1 Oct 2018 [Answer Published]**

*Answer Published · ESMA Q&A register, 1 October 2018 · Checked against the ESMA publication on 27 Oct 2026 · [Official source](https://www.esma.europa.eu/publications-data/questions-answers/1723)*

| | |
|---|---|
| **Full title** | ESMA Q&A 1723 — Q&A — Delayed disclosure of inside information under Article \[Answer Published\] |
| **Prepared by** | ESMA |
| **Published by** | ESMA, in the ESMA Q&A tool |
| **Reference** | ESMA_QA_1723 |
| **Document type** | Q&A |
| **Legal nature** | Not legislation |
| **Addressees** | Not stated in the document |
| **Dates** | Published 1 October 2018; question submitted 1 October 2018 |
| **Legal basis** | MAR |
| **Related instruments** | None recorded |
| **Text on this page** | Word for word — the full text of the ESMA publication |

**Delayed disclosure of inside information under Article 17(5) of MAR: notification of the expected duration**

### Question

Are credit/financial institutions or their parent undertakings required to notify the NCA of the expected duration of the delay under Article 17(5) of MAR?

***

### Answer

\[ESMA70-145-111 MAR Q&A, Q&A 5.4\]

Yes. The credit/financial institutions or their parent undertakings notifying the NCA of their intention to resort to the financial stability delay are expected to provide their assessment on the expected length of the delay and the details of expected trigger events.

If the NCA gives its consent to the delay further to its own assessment of the relevant conditions, credit/financial institutions or their parent undertakings should inform the NCA whenever they become aware of a new element or event that may affect the duration of the delay under Article 17(5) of MAR.

***

**Source:** [ESMA original document](https://www.esma.europa.eu/publications-data/questions-answers/1723)