What is a mar?

MAR (Market Abuse Regulation)

The Market Abuse Regulation (MAR), officially known as Regulation (EU) No 596/2014, is a European Union law designed to increase market integrity, investor protection, and confidence in financial markets. It aims to prevent and detect <a href="https://www.wikiwhat.page/kavramlar/market%20manipulation">market manipulation</a> and <a href="https://www.wikiwhat.page/kavramlar/insider%20dealing">insider dealing</a>.

Key Aspects:

• Scope: MAR applies to a broad range of financial instruments traded on regulated markets, multilateral trading facilities (MTFs), and organized trading facilities (OTFs). It also covers related instruments, such as derivatives.
• Prohibited Conduct: The regulation prohibits <a href="https://www.wikiwhat.page/kavramlar/insider%20trading">insider trading</a>, which involves trading based on non-public, price-sensitive information, and <a href="https://www.wikiwhat.page/kavramlar/market%20manipulation">market manipulation</a>, which includes activities that artificially inflate or deflate the price of a financial instrument.
• Disclosure Requirements: MAR imposes significant disclosure obligations on <a href="https://www.wikiwhat.page/kavramlar/issuers">issuers</a> of financial instruments, including the timely disclosure of inside information.
• Suspicious Transaction Reporting: Investment firms and other relevant entities are required to report suspicious transactions that could indicate market abuse.
• Sanctions: MAR provides for significant sanctions for violations, including fines and, in some cases, criminal penalties. Member states are required to implement effective, proportionate, and dissuasive sanctions.
• Insider Lists: <a href="https://www.wikiwhat.page/kavramlar/issuers">Issuers</a> are required to maintain <a href="https://www.wikiwhat.page/kavramlar/insider%20lists">insider lists</a> that document individuals with access to inside information.
• Manager's Transactions: MAR also requires managers and persons closely associated with them (PCA) to report their own transactions in the <a href="https://www.wikiwhat.page/kavramlar/issuer's%20financial%20instruments">issuer's financial instruments</a>.

Objectives:

• Enhance market integrity
• Increase investor confidence
• Prevent market abuse
• Ensure the smooth functioning of financial markets.

MAR is implemented and enforced by national competent authorities (NCAs) within each EU member state.