On 22 November 2018, Treasury announced it was developing a draft SI for MAR.
It proposes that the SI will address:
- the scope of the regulation;
- transaction reporting;
- notification requirements;
- transfer of functions; and
- supervisory cooperation and information sharing
Treasury also published the Packaged Retail and Insurance-based Investment Products (Amendment) (EU Exit) Regulations 2019; a draft SI that amends EU law related to PRIIPs Regulation so that it continues to operate effectively once the UK leaves the EU.