Guidance – Disclosure Requirements for Petroleum Reporting Entities

TABLE OF CONTENTS

INTRODUCTION

1. This Guidance is issued under section 15(2) of the Financial Services and Markets Regulations 2015 ("FSMR"). It should be read in conjunction with FSMR, the Market Rules ("MKT") of the Financial Services Regulatory Authority ("FSRA") and the FSRA's Guidance & Policies Manual.
2. This Guidance is published to assist Issuers, Listed Companies, Reporting Entities (and their advisors) to comply with the disclosure requirements contained in Chapter 12 of MKT, which relate to Petroleum activities. Chapter 12 of MKT is intended to align ADGM's listing framework for the disclosure of Petroleum activities with recognised global industry standards, as well as promote consistency in, and the quality of, disclosures made in relation to Petroleum activities.
3. The disclosure framework for Petroleum Reporting Entities in Chapter 12 of MKT is substantially driven by the Petroleum Resources Management System ("PRMS").¹ The PRMS is an industry sponsored set of guidelines that provided...