ESMA updates Q&A on MAR
The purpose of the Q&A document is to promote common supervisory approaches and practices in the application of MAR and its implementing measures. Today’s Q&As include two new answers on managers’ transactions, addressing in particular trading during “closed periods” by persons discharging managerial responsibilities (PDMRs).
MAR is intended to guarantee the integrity of European financial markets and increase investor confidence. The concept of market abuse typically consists of insider dealing, unlawful disclosure of inside information, and market manipulation.