2014-04-16

Added 2026-09-23

Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC Text with EEA relevance

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Supersedes: Commission Directive 2004/72/EC of 29 April 2004 implementing Directive 2003/6/EC of the European Parliament and of the Council as regards accepted market practices, the definition of inside information in relation to derivatives on commodities, the drawing up of lists of insiders, the notification of managers' transactions and the notification of suspicious transactions (Text with EEA relevance)2004 Commission Directive 2003/124/EC of 22 December 2003 implementing Directive 2003/6/EC of the European Parliament and of the Council as regards the definition and public disclosure of inside information and the definition of market manipulation (Text with EEA relevance)2003 Commission Directive 2003/125/EC of 22 December 2003 implementing Directive 2003/6/EC of the European Parliament and of the Council as regards the fair presentation of investment recommendations and the disclosure of conflicts of interest (Text with EEA relevance)2003 Directive 2003/6/EC of the European Parliament and of the Council of 28 January 2003 on insider dealing and market manipulation (market abuse)2003
Amended by: Regulation (EU) 2024/2809 of the European Parliament and of the Council of 23 October 2024 amending Regulations (EU) 2017/1129, (EU) No 596/2014 and (EU) No 600/2014 to make public capital markets in the Union more attractive for companies and to facilitate access to capital for small and medium-sized enterprises (Text with EEA relevance)2024 Regulation (EU) 2019/2115 of the European Parliament and of the Council of 27 November 2019 amending Directive 2014/65/EU and Regulations (EU) No 596/2014 and (EU) 2017/1129 as regards the promotion of the use of SME growth markets (Text with EEA relevance)2019 Regulation (EU) 2016/1033 of the European Parliament and of the Council of 23 June 2016 amending Regulation (EU) No 600/2014 on markets in financial instruments, Regulation (EU) No 596/2014 on market abuse and Regulation (EU) No 909/2014 on improving securities settlement in the European Union and on central securities depositories (Text with EEA relevance)2016 Regulation (EU) 2016/1011 of the European Parliament and of the Council of 8 June 2016 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds and amending Directives 2008/48/EC and 2014/17/EU and Regulation (EU) No 596/2014 (Text with EEA relevance)2016
Basis for: Decision on the Manner and Deadlines for Submitting Insider Lists2026 Public announcement regarding NETAMAN INVEST OÜ's admitted breach of notification obligation2026 Commission Implementing Regulation (EU) 2026/1291 on the format of insider lists2026 Law on the Application of Measures Against Market Abuse with Financial Instruments2026 Final Report on the draft implementing technical standards on the extension of the use of the alleviated format of insider lists2025 Decision on the Method and Deadlines for Submitting Lists of Connected Persons2023
+29 more
PS23/11: Guidance on the trading venue perimeter2022 ESMA Opinion on the Intended Revision of the CMVM Accepted Market Practice on Liquidity Contracts2022 Commission Delegated Regulation (EU) 2022/1959 on contractual templates for liquidity contracts on SME growth markets2022 Commission Implementing Regulation (EU) 2022/1210 on the format of insider lists and their updates2022 CSSF Circular 22/813 on MAR Guidelines for Delaying Inside Information Disclosure and Prudential Supervision Interactions2022 Commission Delegated Regulation (EU) 2021/1783 on regulatory technical standards for cooperation arrangements with third countries2021 ESMA Opinion on the AMF's Intended Accepted Market Practice on Liquidity Contracts2021 Guidelines on the Disclosure of Information Regarding Pre-Bankruptcy Proceedings2020 Commission Implementing Regulation (EU) 2020/1406 laying down implementing technical standards for information exchange and cooperation under the Market Abuse Regulation2020 ESMA Opinion on Consob's Intended Accepted Market Practice on Liquidity Contracts2020 ESMA Opinion on the Revised Accepted Market Practice on Liquidity Contracts by CNMV2019 Ordinance No. 65 of 22.03.2019 on Persons Receiving Market Surveys2019 Commission Implementing Regulation (EU) 2018/292 of 26 February 2018 laying down implementing technical standards with regard to procedures and forms for exchange of information and assistance between competent authorities according to Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse (Text with EEA relevance. )2018 Agreement of 20 December 2017 of the Council of the National Securities Market Commission creating a personal data file for possible infringement reports2017 Circular 1/2017 of the National Securities Market Commission on Liquidity Contracts2017 Guidelines on the Market Abuse Regulation - Information on commodity derivatives markets or related spot markets for the purposes of defining inside information on commodity derivatives2017 Commission Implementing Regulation (EU) 2016/1055 of 29 June 2016 laying down implementing technical standards with regard to the technical means for appropriate public disclosure of inside information and for delaying the public disclosure of inside information in accordance with Regulation (EU) No 596/2014 of the European Parliament and of the Council (Text with EEA relevance)2016 PS16/13: Implementation of the Market Abuse Regulation2016 Commission Implementing Regulation (EU) 2016/347 of 10 March 2016 laying down implementing technical standards with regard to the precise format of insider lists and for updating insider lists in accordance with Regulation (EU) No 596/2014 of the European Parliament and of the Council (Text with EEA relevance)2016 Commission Implementing Regulation (EU) 2016/523 of 10 March 2016 laying down implementing technical standards with regard to the format and template for notification and public disclosure of managers' transactions in accordance with Regulation (EU) No 596/2014 of the European Parliament and of the Council (Text with EEA relevance)2016 Commission Delegated Regulation (EU) 2016/957 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the appropriate arrangements, systems and procedures as well as notification templates to be used for preventing, detecting and reporting abusive practices or suspicious orders or transactions (Text with EEA relevance)2016 Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest (Text with EEA relevance)2016 Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures (Text with EEA relevance)2016 Commission Delegated Regulation (EU) 2016/908 of 26 February 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council laying down regulatory technical standards on the criteria, the procedure and the requirements for establishing an accepted market practice and the requirements for maintaining it, terminating it or modifying the conditions for its acceptance (Text with EEA relevance)2016 Commission Delegated Regulation (EU) 2016/522 of 17 December 2015 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council as regards an exemption for certain third countries public bodies and central banks, the indicators of market manipulation, the disclosure thresholds, the competent authority for notifications of delays, the permission for trading during closed periods and types of notifiable managers' transactions (Text with EEA relevance)2015 DOC-2016-06 Operations by Managers and Persons Mentioned in Article 19 of the European Market Abuse Regulation DOC-2017-02 Persons Subject to Market Surveys DOC-2017-03 Modalities for Reporting Transactions Conducted by Listed Issuers on Their Own Shares and Stabilization Measures Guide on Permanent Information and Management of Inside Information
Referred to by: Opinion on the amendments to buy-back programmes and stabilisation measures2026 Law on Markets in Financial Instruments2026 Amendments to the Prospectus Regulation and the Market Abuse Regulation Pursuant to the EU Listing Act2026 Commission Delegated Regulation (EU) 2026/1092 of 21 May 2026 supplementing Directive 2014/65/EU on regulatory technical standards for an EU code of conduct for issuer-sponsored research2026 Market Participants Group Terms of Reference2026 Order on Good Conduct in Residential Credit2025
+34 more
Final Report on Draft Regulatory Technical Standards for EU Code of Conduct for Issuer-Sponsored Research2025 Guidelines for Issuers Conducting Buybacks of Own Shares on a Regulated Market2025 Order on the Threshold for Reporting Transactions by Persons Discharging Managerial Responsibilities2025 Final Report on Technical Advice Concerning MAR and MiFID II SME Growth Markets2025 Transfer of Supervisory Tasks for Disclosure Obligations and Takeovers from Oslo Børs to Finanstilsynet2025 Final Report on Draft Technical Standards for Market Abuse Detection and Prevention under MiCA2024 Official Position of HANFA Regarding Share Buyback Programs2024 Final Report on draft technical standards for cooperation and information exchange under MiCA2024 ESMA Final Report on Market Outages2023 Order No. 75 of 06.04.2023 on the Requirements for the Activity of Benchmark Administrators2023 Guidelines on the Verification and Approval of the Prospectus and on the Performance of Other Obligations in Connection with the Public Offer and Admission to Trading of Securities on a Regulated Market2023 Law 5/2020, of October 15, on the Financial Transactions Tax2022 Ordinance No. 2 of 09.11.2021 on Initial and Ongoing Disclosure of Information in Public Offerings of Securities and Admission to Trading on a Regulated Market2021 Order on the Financial Supervisory Authority's Use of Administrative Penalty Notices for Certain Capital Market Violations2021 Guidelines for the Presentation of Alternative Performance Measures2020 Commission Delegated Regulation (EU) 2021/528 on minimum information content for prospectus exemption documents2020 Guidelines on Enforcement of Financial Information2020 Resolution of 24 October 2019 by the CNMV modifying Annex I of the Resolution of 16 November 2011 creating and regulating the CNMV Electronic Registry2019 Guidelines on Security Token Offering2019 Guidelines on risk factors under the Prospectus Regulation2019 Guidelines on non-significant benchmarks under the Benchmarks Regulation2019 Organic Law 1/2019 of 20 February amending the Organic Law 10/1995 of 23 November on the Penal Code to transpose EU Directives in financial and terrorism matters and address international issues2019 Royal Decree-Law 19/2018 of 23 November on Payment Services and Other Urgent Financial Measures2018 ESMA Decision on Withdrawal of MiFID Guidelines on Systems and Controls in Automated Trading2018 FMA Circular on Organisational Requirements under the Securities Supervision Act 2018 and Delegated Regulation (EU) 2017/5652018 Guidelines on transfer of data between Trade Repositories2018 Royal Decree of 19 December 2017 laying down the rules and procedures for transposing the Directive on markets in financial instruments2017 Regulations amending Finansinspektionen’s regulations governing operations on trading venues2016 Market Abuse Regulation – Practical Instructions2016 ESMA Final Report on Draft RTS and ITS for MiFID II and MiFIR2015 SEC Division of Trading and Markets no-action letter: Royal Bank of Scotland Group, plc (AT1 Offering)2015 SEC Division of Trading and Markets no-action letter: Banco Bilbao Vizcaya Argentaria, S.A2014 Capital Markets Act (Official Gazette, Nos. 65/18, 17/20, 83/21, 151/22, 85/24 and 126/25) – Unofficial Consolidated Text Decree No. 309/2017 Coll. on applications and notifications under the Capital Market Undertakings Act

Timeline

Amended 4 times · last 2024-10-23

This document supersedes: Commission Directive 2004/72/EC of 29 April 2004 implementing Directive 2003/6/EC of the European Parliament and of the Council as regards accepted market practices, the definition of inside information in relation to derivatives on commodities, the drawing up of lists of insiders, the notification of managers' transactions and the notification of suspicious transactions (Text with EEA relevance), Commission Directive 2003/124/EC of 22 December 2003 implementing Directive 2003/6/EC of the European Parliament and of the Council as regards the definition and public disclosure of inside information and the definition of market manipulation (Text with EEA relevance), Commission Directive 2003/125/EC of 22 December 2003 implementing Directive 2003/6/EC of the European Parliament and of the Council as regards the fair presentation of investment recommendations and the disclosure of conflicts of interest (Text with EEA relevance), Directive 2003/6/EC of the European Parliament and of the Council of 28 January 2003 on insider dealing and market manipulation (market abuse)

Source: European Union — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works