Quick Look Brexit Financial Services Legislation Status Guide—Market Abuse Regulation
Quick Look Brexit Financial Services Legislation Status Guide—Market Abuse Regulation

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

  • Quick Look Brexit Financial Services Legislation Status Guide—Market Abuse Regulation
  • Onshored Market Abuse Regulation—from 1 January 2021
  • Provisions of the Market Abuse Regulation which apply from dates falling in the implementation period and are included in EU retained law (subject to modification by SIs)
  • Provisions of the Market Abuse Regulation which apply from dates falling after IP completion day and are not included in EU retained law

Quick Look Brexit Financial Services Legislation Status Guide—Market Abuse Regulation

This Quick Look Brexit Financial Services Legislation Status Guide provides high-level information on the status of Regulation (EU) 596/2014 (OJ L 173/1) (the EU Market Abuse Regulation) under UK law from 1 January 2021. For more detailed information, see Practice Note: Impact of Brexit: Market Abuse Regulation—quick guide.

During the implementation period beginning on 31 January 2020 and ending on 31 December 2020 (IP completion day), the EU Market Abuse Regulation was directly applicable in the UK in accordance with the European Union (Withdrawal) Act 2018 (EU(W)A 2018), as amended by the European Union (Withdrawal Agreement) Act 2020 (EU(WA)A 2020), and the Withdrawal Agreement between the UK and the EU.

With effect from 1 January 2021:

  1. the EU Market Abuse Regulation, as modified by statutory instruments (SIs) issued as part of the onshoring process under EU(W)A 2018, forms part of EU retained law and accordingly applies in the UK—see: Onshored Market Abuse Regulation—from 1 January 2021 and Retained Regulation (EU) 596/2014 (the UK Market Abuse Regulation)

  2. provisions of the EU Market Abuse Regulation which apply from dates falling in the implementation period are included in the provisions of the EU Market Abuse Regulation forming part of EU retained law (subject to modification by SIs)—for ease of reference these are listed in: Provisions of the Market Abuse Regulation

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