As of 29th March 2019, the European Securities and Markets Authority (“ESMA”) has updated its Questions & Answers (“Q&A”) document regarding the implementation of the Market Abuse Regulation (No. 596/2014, “MAR”).
The objective of MAR is to ensure market integrity and investor protection. Besides the MAR, the Q&A is to promote common and consistent supervisory approaches and practices in the day-to-day application of MAR.
The new update of the Q&A by ESMA aims to introduce firms’ obligation to inform the public of inside information under Article 17 of MAR concerning collective investment undertakings without legal personality and emission allowances, referring to installations of other undertakings of the group of the emission allowance market participants. Furthermore, this ESMA update also provides clarification about the meaning of “parent” and “related undertaking” in Article 17 (2) of MAR.
Please feel free to contact us for any further information on the Q&As in relation to the Market Abuse Regulation.
