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
Previous ArticlePRA Conducts Solvency and Financial Condition Report Roundtables
Next ArticleAnaCredit Updates of Bank of Finland for May 2017
BCBS is consulting on the principles for operational resilience and the revisions to the principles for sound management of operational risk for banks.
The Financial Stability Institute (FSI) of BIS published a brief note that examines the supervisory challenges associated with certain temporary regulatory relief measures introduced by BCBS and prudential authorities in response to the COVID-19 pandemic.
HKMA, together with the Banking Sector Small and Medium-Size Enterprise (SME) Lending Coordination Mechanism, announced a ninety-day repayment deferment for trade facilities under the Pre-approved Principal Payment Holiday Scheme.
The Advisory Scientific Committee of ESRB published a response, in the form of an Insights Paper, to the EBA proposals for reforms to the stress testing framework in EU.
MAS announced several initiatives to support adoption of the Singapore Overnight Rate Average (SORA), which is administered by MAS.
BoE updated the reporting template for Form ER as well as the Form ER definitions, which contain guidance on the methodology to be used in calculating annualized interest rates.
PRA published the policy statement PS19/20 on the final policy for extending coverage under the Financial Services Compensation Scheme (FSCS) for Temporary High Balance.
EBA published the final draft implementing technical standards for disclosures and reporting on the minimum requirements for own funds and eligible liabilities (MREL) and the total loss-absorbing capacity (TLAC) requirements in EU.
EBA published an erratum for the phase 2 of technical package on the reporting framework 2.10.
EC published the Implementing Regulation 2020/1145, which lays down technical information for calculation of technical provisions and basic own funds.