The Market Abuse Regulation (MAR), in force since 2016, extends the Market Abuse Directive’s (MAD) scope to include all issuers that have applied to have their securities admitted to trading not only on EU-regulated markets but also on EU MTFs.
Impacts of MAR on the Capital Market Union (CMU)
Issuers refer compliance obligations requested by MAR as burdensome and costly.
MAR application must be fine-tuned
*Michael E. Hatchard, The New EU Market Abuse Regulation: Impact on US Issuers, Skadden, Arps, Slate, Meagher & Flom LLP, 6 November 2016.
Head of Regulatory Affairs