ESMA clarifies the reporting of reference data under MAR from 3 July 2016
The European Securities and Markets Authority (ESMA) has issued today a Communication clarifying the reporting of reference data under the Market Abuse Regulation (MAR).
Following the agreed later implementation of the Markets in Financial Instruments Directive II (MiFID II) and Regulation (MiFIR), some of the MAR provisions will be aligned to the new MiFID II timelines.
The agreement on MIFID II provides for postponement of the application date of certain provisions of MAR, in particular the Article 4 thereof until the same date. Specifically, the requirements set out under Article 4(2) and (3) will apply from 3 January 2018, whilst the application date of the requirement in Article 4(1) remains 3 July 2016.