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ARTICLE · 06 DECEMBER 2013

Market Abuse Regulation: ESMA Discussion Paper On Possible Implementing Measures

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The European Securities and Markets Authority has published a Discussion Paper setting out its initial views on the implementing measures it is required to develop under the Market Abuse Regulation.

United KingdomFinance and Banking
Harvey Knight
Harvey Knight
Kirsten Lapham
Kirsten Lapham
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The European Securities and Markets Authority (ESMA) has published a Discussion Paper setting out its initial views on the implementing measures it is required to develop under the Market Abuse Regulation (MAR).

The MAR implementing measures takes the form of delegated acts of the European Commission, regulatory technical standards (RTS) and guidelines and are central to the new EU market abuse and insider dealing regime as they set out how MAR's scope is to be implemented in practice by market participants, trading platforms, investors, issuers and persons related to financial markets.

The Discussion Paper, which is based on the level 1 compromise text of MAR that was agreed by the Commission, the European Parliament and the Council of the EU in trialogue on 24 June 2013 covers the ten areas of MAR where ESMA is required to provide input. These include:

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