The Market Abuse Regulation (MAR) came into effect on 3 July 2016. The aims were to increase market integrity, investor protection, and attractiveness of securities markets for capital raising.
MAR extends the scope of existing legislation to new markets, new platforms and new behaviours. Some specific prohibitions cover insider dealing, unlawful disclosure of inside information and market manipulation.
MAR applies to financial instruments traded in a range of contexts, including multilateral trading facilities (MTFs) and organised trading facilities (OTFs).
With a growing pressure to detect market abuse and ensure protection against manipulative market risk, ensuring compliance with MAR continues to be a pressing issue for many firms.