On 15 November, the UK Financial Conduct Authority published Primary Market Bulletin No. 52, setting out guidance on applying the UK Market Abuse Regulation. PMB 52 addresses (among other things) identifying inside information and communicating information during shareholder calls or meetings. This additional guidance on how the FCA applies UK MAR is instructive for companies traded on the main market of the London Stock Exchange, AIM or other UK trading facilities, as well as their advisers.