Regulatory Alerts2017-01-23
Guidelines on the Market Abuse Regulation - Information on commodity derivatives markets or related spot markets for the purposes of defining inside information on commodity derivatives
The European Securities and Markets Authority (ESMA) issued these guidelines to establish an open indicative list of information reasonably expected or required to be published on commodity derivatives and related spot markets for defining inside information under the Market Abuse Regulation. The document specifies direct and indirect publication criteria, requiring trading venues, competent authorities, and market participants to align their disclosure practices with Union or national legal provisions, market rules, and established customs. It mandates case-by-case assessments of information accuracy and price sensitivity while clarifying reporting obligations for authorities without imposing compliance reporting duties on market participants.