On 8 April 2026, the European Commission adopted the following Delegated Regulations:
- Delegated Regulation supplementing the Market Abuse Regulation (596/2014) (MAR): this delegated regulation relates to disclosures and amends the MAR disclosure regime by excluding intermediate steps in protracted processes from the disclosure obligation and by clarifies the conditions under which disclosure may be delayed. These regulations also establish a non-exhaustive list of final events or final circumstances in protracted processes that require disclosure, along with the timing of such disclosure and also set out situations where the inside information whose disclosure is intended to be delayed is in contrast with the most recent public announcement or communication by the issuer or emission allowance market participant on the same subject.
- Delegated Regulation amending Delegated Regulation (EU) 2016/522: this delegated regulation relates to trading and broadens the exemptions from the prohibition for persons discharging managerial responsibilities to trade during closed periods set out in Article 19(12) of MAR. These regulations also establish a list of designated trading venues for the purpose of implementing the mechanism to exchange order data referred to in Article 25a of MAR relating to shares and update the practices specifying the indicators of market manipulation to account for technical developments.
The Delegated Regulation relating to disclosures is due to enter into force three days after its publication in the Official Journal of the European Union. The Delegated Regulation relating to trading is due to enter into due to enter into force 20 days after its publication in the Official Journal of the European Union.