ESMA updated its questions and answers (Q&A) document on the implementation of the Market Abuse Regulation (MAR; EU Regulation No 596/2014). The recent update includes a new detailed answer on issuer obligations in the case of delayed inside information, which then loses its price sensitivity feature during the delay period.
The Q&A document is intended to promote common supervisory approaches and practices in the application of MAR and its implementing measures. MAR is intended to guarantee the integrity of European financial markets and increase investor confidence. Any unlawful behavior in the financial markets is prohibited. The concept of market abuse typically consists of insider dealing, unlawful disclosure of inside information, and market manipulation.
Related Link: Q&A on MAR (PDF)
Keywords: Europe, EU, Securities, MAR, Q&A, Issuer Obligations, ESMA
Previous ArticleAPRA Issues Final Margin Rules for Non-Centrally Cleared Derivatives
Next ArticleDNB Issues Insurance Newsletter for December 2017
BCBS amended the guidelines on sound management of risks related to money laundering and financing of terrorism (ML/FT).
US Agencies (Farm Credit Administration, FDIC, FED, FHFA, and OCC) finalized changes to the swap margin rule to facilitate implementation of prudent risk management strategies at banks and other entities with significant swap activities.
PRA published a letter that builds on the expectations set out in the supervisory statement (SS3/19) on enhancing banks' and insurers' approaches to managing the financial risks from climate change.
EBA finalized the guidelines on treatment of structural foreign-exchange (FX) positions under Article 352(2) of the Capital Requirements Regulation (CRR).
FSB published a statement on the impact of COVID-19 pandemic on global benchmark transition.
IAIS published the list of Internationally Active Insurance Groups (IAIGs) publicly disclosed by group-wide supervisors.
FED has temporarily revised the reporting form on consolidated financial statements for holding companies (FR Y-9C; OMB No. 7100-0128).
EC launched a consultation on the review of the key elements of Solvency II Directive, with the comment period ending on October 21, 2020.
ECB launched a consultation on the guide that sets out supervisory approach to consolidation projects in the banking sector.
IAIS published technical specifications, questionnaires, and templates for 2020 Insurance Capital Standard (ICS) and Aggregation Method data collections.