Market Abuse Regulation (MAR)—one minute guide
Market Abuse Regulation (MAR)—one minute guide

The following Financial Services practice note provides comprehensive and up to date legal information covering:

  • Market Abuse Regulation (MAR)—one minute guide
  • What is the objective of the EU Market Abuse Regulation and UK Market Abuse Regulation?
  • What instruments do the EU Market Abuse Regulation and UK Market Abuse Regulation apply to?
  • Exemptions for stabilisation and buy-back programmes
  • What are the key requirements?
  • Definition of inside information
  • Insider dealing
  • Unlawful disclosure of inside information
  • Market soundings
  • Market manipulation
  • More...

Market Abuse Regulation (MAR)—one minute guide

What is the objective of the EU Market Abuse Regulation and UK Market Abuse Regulation?

The Market Abuse Regulation (EU) 596/2014 (OJ L 173/1) (EU Market Abuse Regulation) introduced an updated and strengthened EU market abuse regime, incorporating a wider range of, and tougher, sanctions.

As of IP completion day (31 December 2020), the onshored Market Abuse Regulation, Retained Regulation (EU) 596/2014 (UK Market Abuse Regulation), applies in the UK.

What instruments do the EU Market Abuse Regulation and UK Market Abuse Regulation apply to?

EU Market Abuse Regulation

The EU Market Abuse Regulation applies to:

  1. financial instruments admitted to trading on an EU regulated market or for which a request for admission to trading on a regulated market has been made

  2. financial instruments traded on an EU multilateral trading facility (MTF), admitted to trading on an EU MTF, or for which a request for admission to trading on an EU MTF has been made

  3. financial instruments trading on an EU organised trading facility (OTF)

  4. financial instruments not covered above, the price or value of which depends on or has an effect on the price or value of a financial instrument referred to in those points, including, but not limited to, credit default swaps and contracts for difference

The EU Market Abuse Regulation also applies to:

  1. emission allowances and related auctioned products

  2. commodity derivatives and

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