The Market Abuse Regulation

The Market Abuse Regulation (MAR) aims to strengthen transparency, market integrity and investor protection in the financial markets. MAR applies widely and obligates investors, senior employees, securities traders and issuers with regard to financial instruments that are admitted to trading on regulated markets, multilateral trading facilities (MHF) and organized trading facilities (OHF).

A violation of MAR can cost dearly in the form of fines and in the worst case it can be categorized as financial crime with a personal penalty as a result. It, therefore, pays to set up procedures that ensure that no unintentional offenses occur in your company.

The rules on market abuse regulate, for example, the illegal disclosure of inside information, which results in senior employees and close associates of companies that have financial instruments admitted to trading on a capital market having a duty to report to the authorities. In part, the rules regulate internal knowledge so that market abuse is avoided. This means that companies with financial instruments admitted to trading on a capital market must have internal rules on trades and keep insider lists that can be requested to be submitted to the authorities.

Lund Elmer Sandager's banking and financing law specialists are always up to date on the latest new regulations, laws, guidelines and decisions related to MAR. We can help you get a handle on the documents and get an overview of when they must be submitted to the authorities.

If you, as an actor in a financial market, are faced with making a trade, it is always a good idea to get professional advice that can help you understand and comply with the rules on market abuse, so that you avoid unnecessary sanctions.