The European Association of Co-operative Banks (EACB) welcomes the opportunity to participate in ESMA’s consultation on the revision of the Market Abuse Regulation (MAR) because it provides the possibility to address in particular issues of scope. We also take this as an opportunity to inter alia address:
- the viability of application of the MAR regime to certain transactions such as spot FX, to which we do not support an extension of the regime;
- the need to specify the closed period of 30 days before publications of the (semi) annual figures; and
- simplification of insider lists information without reducing the objective of transparency and market abuse surveillance.
Please refer to the position paper for more information on the above, as well as, recommendations on other issues.