Corporate & Financial Weekly Digest

Corporate & Financial Weekly Digest

Tag Archives: Market Abuse Regulation

ESMA Updates Q&As Relating to the Market Abuse Regulation

Posted in EU Developments, Financial Markets
On November 12, the European Securities and Markets Authority (ESMA) published version 13 of its questions and answers document (Q&As) on the Market Abuse Regulation (MAR). The Q&As now include a new question, 7.10, relating to the scope of the trading restrictions for persons discharging managerial responsibilities (PDMRs) during a closed period under MAR.… Continue Reading

ESMA Publishes Stakeholder Group Advice on Containing Risks of ICOs and Crypto Assets

Posted in Digital Assets and Virtual Currencies, EU Developments
On October 19, the European Securities and Markets Authority (ESMA) published an own-initiative report, produced by its Securities and Markets Stakeholder Group (SMSG), on initial coin offerings (ICOs) and crypto assets. The report gives advice to ESMA on steps it can take to contain the risks of ICOs and crypto assets, on top of existing… Continue Reading

ESMA Updates Q&As Relating to the Market Abuse Regulation

Posted in EU Developments, Financial Markets
On October 1, the European Securities and Markets Authority (ESMA) published an updated version of its sets of question and answer documents (Q&As) on the Market Abuse Regulation (MAR). ESMA has added three new questions and answers relating to the delay of the disclosure of inside information by a credit or financial institution to preserve… Continue Reading

ESMA Updates Q&As on Market Abuse Regulation

Posted in EU Developments, Financial Markets
On March 23, the European Securities and Markets Authority (ESMA) updated its Q&As on the Market Abuse Regulation (MAR). ESMA last updated the Q&As on December 14, 2017, as reported in the Corporate & Financial Weekly Digest edition of December 15, 2017. The updated Q&As now consider the disclosure of inside information related to the… Continue Reading

CFTC Approves Exemption From SEF Registration Requirements for Multilateral Trading Facilities and Organized Trading Facilities Authorized Within the EU

Posted in CFTC, Derivatives
On December 8, in response to a request by the European Commission (EC), the Commodity Futures Trading Commission issued an order exempting certain multilateral trading facilities (MTFs) and organized trading facilities (OTFs) authorized within the European Union (EU) from the requirement to register with the CFTC as swap execution facilities (SEFs).… Continue Reading

FCA Publishes Issue 55 of Market Watch Newsletter

Posted in Derivatives, Financial Markets, UK Developments
On December 12, the UK Financial Conduct Authority (FCA) published issue 55 of Market Watch, its newsletter on market conduct and transaction reporting issues. Similar to Issue 54 of Market Watch (reported in the Corporate & Financial Weekly Digest edition of November 10, 2017), Issue 55 contains articles of relevance to the implementation of the… Continue Reading

ESMA Publishes New/Updated Q&As on MiFID II, Commodity Derivatives, EMIR and MAR

Posted in EU Developments, Financial Markets
On December 14 and 15, the European Securities and Markets Authority (ESMA) published a number of new and updated question and answer documents (Q&As) relating to, among other things, the revised Markets in Financial Instruments Directive (MiFID II) and the Markets in Financial Instruments Regulation (MiFIR). The Q&As relate to the following topics: MiFID II… Continue Reading

ESMA Publishes MAR Guidelines on Receiving Market Soundings

Posted in EU Developments, Financial Markets
On October 20, the European Securities and Markets Authority (ESMA) published guidelines (Guidelines) on receiving market soundings (also commonly known as being “wall crossed,”) under the EU Market Abuse Regulation (MAR). The Guidelines apply to EU regulators and persons receiving a market sounding (MSR) wherever in the world they are located. They seek to ensure… Continue Reading

ESMA Publishes MAR Guidelines for EU-Listed Issuers on Delaying Disclosure of Inside Information

Posted in EU Developments, Financial Markets
On October 20, the European Securities and Markets Authority (ESMA) published guidelines (Guidelines) on the scope of circumstances where an EU-listed issuer may delay disclosure of inside information, under the EU Market Abuse Regulation (MAR). The Guidelines apply to EU regulators and issuers of financial instruments admitted to trading on an EU trading venue (EU… Continue Reading

City of London Law Society and Joint Working Parties Publish Second EU Market Abuse Regulation Q&A

Posted in EU Developments, Financial Markets, UK Developments
On August 17, the City of London Law Society and Law Society Company Law Committees’ Joint Working Parties on Market Abuse, Share Plans and Takeovers Code (Joint Working Parties) published a Questions and Answers paper (Q&A) on the EU Market Abuse Regulation (MAR). The Q&A published sets out the Joint Working Parties’ suggested approach to… Continue Reading

MAR Delegated Regulation on Abusive Practices and Suspicious Orders and Transactions Published

Posted in EU Developments, Financial Markets, UK Developments
Updating the Corporate & Financial Weekly Digest March 18 edition, on June 17, the delegated regulation (Delegated Regulation) on arrangements, systems and procedures and notification templates to be used for preventing, detecting and reporting abusive practices or suspicious orders or transactions under the EU Market Abuse Regulation was published in the Official Journal of the… Continue Reading

ESMA Issues Opinion on MAR Implementing Technical Standards on Disclosure of Inside Information

Posted in EU Developments, Financial Markets
On June 17, the European Securities and Markets Authority (ESMA) issued an opinion (Opinion) in relation to implementing technical standards (ITS) on the public disclosure of inside information under the EU Market Abuse Regulation (MAR). The ITS were originally submitted to the European Commission (Commission) for approval in September 2015.… Continue Reading

EU Commission Adopts Delegated Regulation on Abusive Practices and Suspicious Orders and Transactions Under MAR

Posted in UK Developments
On March 9, the European Commission adopted a delegated Regulation (and an accompanying Annex) in relation to the EU Market Abuse Regulation (MAR). The delegated Regulation sets out arrangements, systems and procedures and notification templates to be used for preventing, detecting and reporting abusive practices or suspicious orders or transactions under MAR (STOR requirements). As… Continue Reading