The FCA has updated its website to explain what will happen to the EU Market Abuse Regulation (EU MAR) after 31 December 2020. At the end of the transition period, EU MAR will be onshored into UK law by virtue of the European Union (Withdrawal) Act 2018 (EUWA). The Binding Technical Standards under EU MAR will also be brought into UK law by the EUWA.
Key onshoring changes to MAR
To make sure it operates effectively in the UK, the Market Abuse Exit Regulations 2019 will make changes to onshored MAR (UK MAR). The main changes are to notifications for delaying the disclosure of inside information, notifications for transactions of persons discharging managerial responsibilities, and the reporting of STORs.