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MAR Regulation

Estimated time to read this article
2 min
Date of publication
12 July 2016
Author(s)
Sandrine Hirsch, Vanessa Marquette
Categories
Banking, Finance and Insurance, Financial Criminal Law

ENTRY INTO FORCE, ON 3 JULY 2016, OF THE NEW ADMINISTRATIVE REGIME ON MARKET ABUSE MAR REGULATION

In June 2014, Regulation 596/2014 on market abuse (the so-called MAR Regulation, hereinafter the “Regulation”) and Directive 2014/57/EU on criminal sanctions for market abuse (hereinafter the “Directive”) were published in the Official Journal of the European Union.

The Regulation repeals the former European framework, in particular Directive 2003/6 on insider dealing and market manipulation (market abuse).  The new Directive completes, for its part, the Regulation by requiring the Member States to provide for harmonized criminal sanctions regarding market abuses.

Read more here.