Kilder om MAR

Forordninger

• Markedsmisbruksforordningen (MAR)
  Regulation(EU)No 596/2014 ofthe EuropeanParliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament andof theCounciland CommissionDirectives 2003/124/EC, 2003/125/EC and 2004/72/EC
• Forordning om indekser som brukes som benchmarks i finansielle instrumenter og finansielle kontrakter, eller med henblikk på å måle investeringsfonds økonomiske resultater
  Regulation (EU) 2016/1011 of the European Parliament and of the Council of 8 June 2016 or indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds and amending Directives 2008/48/EC and 2014/17/EU and Regulation (EU) No 596/2014
• Forordning om endring av forordning om markeder for finansielle instrumenter, forordning om markedsmisbruk og forordning om forbedring av verdipapiravviklingen i EU og om verdipapirsentraler
  Regulation (EU) 2016/1033 of the European Parliament and of the Council of 23 June 206 amending Regulation (EU) 600/2014 on markets in financial instruments, Regulation (EU) No 596/2014 on market abuse and Regulation (EU) No 909/2014 on improving securities settlement in the European Union and on central securities depositories

Direktivet om markedsmisbruk

• Direktiv om strafferettslige sanksjoner ved overtredelse av reglene om markedsmisbruk (MAD II)
  Directive 2014/57/EU of the European Parliament and of the Council of 16 April 2014 on criminal sanctions for market abuse (market abuse Directive)

Kommisjonsforordninger og -direktiver

• Innsidelisten – format og innhold
  Commission Implementing Regulation (EU) 2016/347 of 10 March 2016 laying down implementing technical standards with regard to the precise format of inside lists and for updating insider lists in accordance with Regulation (EU) No 596/2014 of the European Parliament and of the Council
  
• Melding og offentliggjøring av primærinnsideres transaksjoner
  Commission Implementing Regulation (EU) 2016/523 of 10 March 2016 laying down implementing technical standards with regard to the format and template for notification and public disclosure of managers’ transactions in accordance with Regulation (EU) No 596/2014 of the European Parliament and of the Council
  
• Markedsplassens melding til kompetente myndigheter
  Commission Implementing Regulation (EU) 2016/378 of 11 March 2016 laying down implementing technical standards with regard to the timing, format and template of the submission of notification to competent authorities according to Regulation (EU) No 596/2014 of the European Parliament and of the Council
  
• Prosedyre og krav til markedssonderinger
  Commission Implementing Regulation (EU) 2016/959 of 17 May 2016 laying down implementing technical standards for market soundings with regard to the systems and notification templates to be used by disclosing market participants and the format of the records in accordance with Regulation (EU) No 596/2014 of the European Parliament and of the Council
  
• Informasjonsplikt og utsatt offentliggjøring
  Commission Implementing Regulation (EU) 2016/1055 of 29 June 2016 laying down implementing technical standards with regard to the technical means for appropriate public disclosure of inside information and for delaying the public disclosure of inside information in accordance with Regulation (EU) No 596/2014 of the European Parliament and of the Council
  
• Utveksling av opplysninger med ESMA
  Commission Implementing Regulation (EU) 2017/1158 of 29 June 2017 laying down implementing technical standards with regards to the procedures and form for competent authorities exchanging information with the European Securities Market Authority as referred to in Article 33 of Regulation (EU) No 596/2014 of the European Parliament and of the Council
  
• Handel under “lukkede perioder” og melding om handel utført av primærinnsidere, mv.
  Commission Delegated Regulation (EU) 2016/522 of 17 December 2015 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council as regards an exemption for certain third countries public bodies and central banks, the indicators of market manipulation, the disclosure thresholds, the competent authority for notifications of delays, the permission for trading during closed periods and types of notifiable managers’ transactions
• Akseptert markedspraksis
  Commission Delegated Regulation (EU) 2016/908 of 26 February 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council laying down regulatory technical standards on the criteria, the procedure and the requirements for establishing an accepted market practice and the requirements for maintaining it, terminating it or modifying the conditions for its acceptance
  
• Markedsplassens meldinger til kompetent myndighet
  Commission Delegated Regulation (EU) 2016/909 of 1 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the content of notifications to be submitted to competent authorities and the compilation, publication and maintenance of the list of notifications
• Forebygging, avdekking og rapportering av misbruk og mistenkelige ordre og transaksjoner
  Commission Delegated Regulation (EU) 2016/957 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the appropriate arrangements, systems and procedures as well as notification templates to be used for preventing, detecting and reporting abusive practices or suspicious orders or transactions
  
• Investeringsanbefalinger
  Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest
• Markedsdeltagere som formidler informasjon i markedssonderinger
  Commission Delegated Regulation (EU) 2016/960 as of 17 May 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the appropriate arrangements, systems and procedures for disclosing market participants conducting market soundings
• Tilbakekjøpsprogrammer og stabilisering
  Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures
• Melding om faktiske og mulige overtredelser av reglene om markedsmisbruk til kompetente myndigheter
  Commission Implementing Directive (EU) 2015/2392 of 17 December 2015 on Regulation (EU) 596/2014 of the European Parliament and of the Council as regards reporting to competent authorities of actual or potential infringements of that Regulation

ESMAs retningslinjer og praksis

• Retningslinjer om utsatt offentliggjøring av innsideinformasjon
  MAR Guidelines – Delay in the disclosure of inside information
  
• Personer som mottar markedssoneringer
  MAR Guidelines – Persons receiving market soundings
  
• Q&A om MAR, 29. mars 2019

Øvrige publiseringer fra ESMA

• ESMA’s technical advice on possible delegated acts concerning the Market Abuse Regulation, 3 February 2015
• ESMA’s Final Report – Technical standards on the Market Abuse Regulation, 28 September 2015
• ESMA’s Consultation Paper – Guidelines on information expected or required to be disclosed on commodity derivatives markets or related spot markets under MAR, 30 March 2016
• ESMA’s Opinion – Draft Implementing Technical Standards on the technical means for appropriate public disclosure of inside information and for delaying the public disclosure of inside information, 17 June 2016
• ESMA’s Final Report – Guidelines on the Market Abuse Regulation – market soundings and delay of disclosure of inside information, 13 July 2016
• ESMA’s Final Report – Draft Implementing Technical Standards on sanctions and measures under MAR, 26 July 2016
• ESMA’s Final Report – MAR Guidelines on commodity derivatives, 20 September 2016
• ESMA’s MAR Guidelines – Information relating to commodity derivatives markets or related spot markets for the purpose of the definition of inside information on commodity derivatives, 17 January 2017
• ESMA’s Consultation Paper MAR Review, 3 October 2019
• ESMA’s Report on administrative and criminal sanctions and other administrative measures under MAR, 12 December 2019
• ESMA’s Report on application of Accepted Market Practices, 13 December 2019
• ESMA’s Q&A on the Benchmarks Regulation, 11 December 2019

Proposisjon fra Finansdepartementet

• Prop. 96 LS (2018-2019) – Proposisjon om endringer i reglene om markedsmisbruk, prospekt og sanksjoner i verdipapirhandelloven

Norges offentlige utredninger

• NOU 2017:14 – Nye regler om markedsmisbruk – sanksjoner og straff

MAR Insights – De nye markedsmisbruksreglene

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