The following Financial Services guidance note provides comprehensive and up to date legal information covering:
BREXIT: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an implementation period, during which it continues to be subject to EU law. This has an impact on this Practice Note. For further guidance, see Practice Note: Brexit—UK listing and prospectus regime — Key areas of the UK listing and prospectus regime which will be affected by Brexit.
The Market Abuse Regulation (EU) 596/2014 (Market Abuse Regulation) introduced an updated and strengthened EU market abuse regime, incorporating a wider range of, and tougher, sanctions.
The Market Abuse Regulation applies to:
financial instruments admitted to trading on a regulated market or for which a request for admission to trading on a regulated market has been made
financial instruments traded on a multilateral trading facility (MTF), admitted to trading on an MTF, or for which a request for admission to trading on an MTF has been made
financial instruments trading on an organised trading facility (OTF)
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
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