The consultation paper includes proposals affecting the investor community as a whole, but which are particularly relevant for issuers of financial instruments admitted to trading or traded on a trading venue and their management, investment firms and asset management companies.
The consultation paper addresses a wide range of issues, including:
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the possible inclusion of spot FX contracts within the scope of MAR;
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the definition and delayed disclosure of inside information in different cases;
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the appropriateness of the trading prohibition and insider lists for persons discharging managerial responsibilities (PDMRs);
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a possible cross-market order book surveillance framework;
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cum/ex and multiple withholding tax reclaim schemes; and
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cross-border enforcement of sanctions.
Next steps
Stakeholders are invited to provide feedback on the consultation before 29 November 2019.
Full consultation
Related article on Financial Times: EU watchdog scrutinises currency market proposals (subscription required)
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