ESMA consults on MAR review

The CSSF informs the public that the European Securities and Markets Authority (ESMA) has launched a public consultation on the provisions of the Market Abuse Regulation (MAR) on 3 October 2019.

Please find below

  • a link to the ESMA announcement:

  • a link to the consultation paper:

The consultation covers a wide range of issues, including:

  • the possible inclusion of spot FX contracts within the scope of MAR;
  • buy-back programmes under Article 5 MAR;
  • the definition of inside information (Article 7 MAR);
  • the delayed disclosure of inside information (Article 17);
  • market soundings (Article 11 MAR);
  • insider lists (Article 18 MAR);
  • managers’ transactions (Article 19 MAR);
  • MAR and collective investment undertakings (CIUs);
  • competent authorities, market surveillance and cooperation;
  • sanctions and measures

ESMA invites feedback until 29 November 2019.

An open hearing is scheduled to take place in ESMA’s premises on 5 November 2019.