The European Securities and Markets Authority (ESMA) has issued a Q&A regarding the implementation of the Market Abuse Regulation (MAR). The purpose of the Q&A is to promote supervisory convergence. At present the Q&A only contains one question and answer covering the topic of the prevention and detection of market abuse. It answers the following question: does the obligation to detect and report market abuse under Article 16(2) of MAR apply to investment firms under MiFID only or do UCITS management companies, AIFMD managers or firms professionally engaged in trading on own account also fall within the scope of that obligation?
View ESMA issues Q&A on MAR implementation, 30 May 2016