ESMA updated the questions and answers (Q&A) document on the implementation of Market Abuse Regulation (MAR or EU Regulation No 596/2014). The updates clarify the scope of firms subject to the MAR provision to detect and report suspicious orders and transactions. The Q&A updates also include detailed answers on the scope of the financial instruments subject to the market sounding regime under MAR and on the persons subject to the insider list requirements.
This set of Q&A is intended to promote common supervisory approaches and practices in the application of the MAR and its implementing measures. MAR is intended to guarantee the integrity of European financial markets and increase investor confidence. The concept of market abuse typically consists of insider dealing, unlawful disclosure of inside information, and market manipulation. ESMA will periodically review these Q&A and update them, as required.
Related Link: Q&A on MAR (PDF)
Keywords: Europe, Securities, Q&A, MAR, ESMA
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