The European Commission has published a report on the international treatment of public bodies charged with, or intervening in, public debt management and of central banks in third countries under the Market Abuse Regulation (MAR).
Article 6(1) MAR exempts Member States, members of the European System of Central Banks, ministries and other agencies and special purpose vehicles of one or several Member States, or persons acting on their behalf, from the application of MAR to transactions, orders or behaviour insofar as they are undertaken in pursuit of monetary, exchange rate or public debt management policies.
The exemption in Article 6(1) MAR may be extended to certain public bodies charged with, or intervening in, public debt management and to central banks of third countries by virtue of a delegated act.
The report assesses the international treatment of public bodies charged with, or intervening in, public debt management and of central banks in third countries with the purpose of evaluating the appropriateness of the extension of the Article 6(1) exemption.
