Regulation of capital markets

This subtopic contains the following documents:

EU Market Abuse Regime

Practice Notes

  1. FLASHCARD—instruments in scope of EU Market Abuse Regulation—this FLASHCARD lists the instruments which are within the scope of Regulation (EU) 596/2014 (the EU Market Abuse Regulation)

  2. EU Market Abuse Regulation—unlawful disclosure of inside information and market soundings—quick guide—this Practice Note provides a quick guide to the unlawful disclosure of inside information provisions the EU Market Abuse Regulation and covers: (1) the types of information that are inside information under the EU Market Abuse Regulation, (2) when disclosure of inside information is unlawful under the EU Market Abuse Regulation, and (3) when it is permitted to disclose inside information in the course of a market sounding

  3. EU Market Abuse Regulation (MAR)—essentials—this Practice Note explains the key features of the EU Market Abuse Regulation and covers: (1) purpose of the EU Market Abuse Regulation, (2) the definition of market abuse, (3) instruments within the scope of the EU Market Abuse Regulation, (4) notifications and lists of financial instruments, (5) exemptions for stabilisation and buy-back programmes, (6) exemption for monetary

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European Commission publishes 2025 State of the Digital Decade report

The European Commission has published its 2025 State of the Digital Decade report, urging renewed action on digital transformation and technological sovereignty. The report evaluates the EU's progress toward its 2030 digital transformation targets by examining four areas: digital infrastructure, business digitalisation, digital skills, and public service digitalisation. It reveals that while some progress has been made, the rollout of connectivity infrastructure such as fibre and 5G stand-alone networks remains slow. There is an increasing uptake of AI, cloud, and big data by companies, yet more rapid progress is essential. Furthermore, only just over half of Europeans have basic digital skills, and there is a shortage of advanced ICT specialists, a situation worsened by a significant gender imbalance which restricts progress in key sectors like cybersecurity and AI. Although the digitalisation of public services has made headway, a considerable portion of governmental digital infrastructure continues to rely on providers from outside the EU. Persistent challenges such as fragmented markets, complex regulations and strategic dependence call for greater public and private investment, reforms to better integrate the single market, and eased administrative burdens. These measures could potentially boost the EU's gross domestic product by an estimated 1.8% by 2030. Member States are set to review the recommendations and discuss the future course of action, with further assessments scheduled for 2026 to ensure that targets remain in line with the evolving digital landscape and the EU's broader ambitions.

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