FIN.

ESMA publishes MAR review papers

ESMA has published a series of papers relating to the operation of MAR. The papers include:

  • a peer review report on how regulators handle STORs. The review showed there had been a significant increase in market participants making STORs but thought supervisors could still do a lot more to encourage compliance and to challenge poor quality reports. The UK was among 6 Member States assessed as being fully compliant;
  • a report on the administrative and criminal sanctions used under MAR;
  • a report on accepted market practices and how they are used by the Spanish,  Portuguese, French and Italian authorities; and
  • details of responses it received to its review on the operation of MAR.
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Emma Radmore