ESMA Q&As on the Market Abuse Regulation (MAR)
|Of relevance to:||Any firm or individual who directly or indirectly deals in, or any firm who issues, any financial instrument (FI) that is:
|Last updated:||21 November 2017 – New Q7.8 and Q7.9|
ESMA issues these Q&As to promote consistency in the application of the Market Abuse Regulation (“MAR”) framework within Europe, applicable in the UK from 3 July 2016.
Whilst the Q&As are not legally binding, their application will be rigorously scrutinised by ESMA and national competent authorities such as the FCA.
That said, the intention is to help issuers, investors and other market participants by providing clarity on the content of the market abuse rules, rather than creating an extra layer of requirements.
Questions and Answers are included on:
5. Disclosure of inside information
6. Prevention and detection of market abuse
7. Managers’ transactions
8. Investment recommendation and information recommending or suggesting an investment strategy
9. Market soundings
10. Insider lists