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ARTICLE · 29 JULY 2021

CBI Highlights Market Abuse Risk

Dillon Eustace
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The CBI has issued a press release summarising its review of compliance with the Market Abuse Regulation (EU 596/2014) and indicating that specific risk mitigation programmes are being imposed on entities where concerns have arisen.

IrelandFinance and Banking
John O'Riordan
John O'Riordan
Peter Bredin
Peter Bredin
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The Central Bank of Ireland (CBI) has issued a press release summarising its review of compliance with the Market Abuse Regulation (EU 596/2014) (the MAR) and indicating that specific risk mitigation programmes (RMP's) are being imposed on entities where concerns have arisen.

Background

The MAR, which first came into effect in Ireland on 3 July 2016, prohibits insider dealing, unlawful disclosure of inside information and market manipulation to ensure greater market transparency and integrity. You can read more about the obligations imposed on investment funds by the MAR in our previous briefing here.

Market abuse was identified by the CBI in 2019 as "a key conduct risk" and this examination was conducted in order to assess how effectively regulated firms, issuers and issuers' advisors are complying with the MAR, particularly in light of the unique challenges presented both by Brexit and the COVID-19 pandemic.

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