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Law Society and City of London Law Society updated EU Market Abuse Regulation (EU MAR) Q&A

28 November 2017

In the light of uncertainties in the interpretation of the Market Abuse Regulation (MAR) and related subsidiary regulations, this Q&A (the 'Q&A') has been drafted by the above Joint Working Parties as a suggested approach to implementing certain aspects of MAR.

This Q&A represents the Joint Working Parties’ explanation of how, in their view, MAR should apply to certain practical situations, but is subject to review and amendment in the light of practice on the implementation of MAR and to any relevant future UK or EU guidance published in relation to MAR.

It is not intended to be and should not be relied upon as being legal or regulatory advice. Users of this Q&A should consult their own advisers directly before taking any action based on the Q&A. None of the members of the Joint Working Parties or their respective firms represents or warrants that it is accurate, suitable or complete and none shall have any liability arising from, or relating to, the use of this Q&A.

The Q&A has been updated to note that Q&A7 is being revised in the light of Q&A 7.7 in ESMA’s Q&A on MAR published on 6 July 2017.