Clifford Chance

The Market Abuse Regime - six months on

1 February 2017

The Market Abuse Regulation (EU) No 596/2014 (MAR) has now been in force for over six months. As market participants become more familiar with MAR and its related implementing and delegated regulations, and further guidance is published by ESMA (and, in some cases, national regulators), some of the initial concerns about how MAR would operate in practice are being laid to rest and we are beginning to see certain market norms emerge. We expect MAR will continue to be a hot topic throughout 2017 as the new regime continues to bed down and the detection, prevention and prosecution of market abuse remain areas of focus for the Financial Conduct Authority (FCA).

In this briefing, we consider some of the market practices and trends that have emerged since the implementation of MAR in July 2016.

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