Insider dealing and money laundering etc. Amendments to the Market Abuse Regulation
Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (‘EU MAR’), the UK’s civil market abuse regime, contains prohibitions on insider dealing, unlawful disclosure of inside information and market manipulation, and provides the FCA with the necessary information to prevent and detect such abuses via its reporting and notification obligations. Following the end of the Transition Period, the EU Regulation forms part of retained EU law and therefore continues to apply in the UK, with the necessary changes made under the EUWA to ensure that it continues to operate effectively following the end of the Transition Period. The EU Regulation as amended and forming part of retained EU law in the UK is referred to as the Market Abuse Regulation (‘MAR’). The Act makes two amendments to MAR intended to strengthen the regulation, and reduce the administrative burden associated with compliance.