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MAR, Uncategorized

ESMA MAR documents – more regulatory activity expected

ESMA released a series of documents relating to MAR towards the end of last week:

  • STOR peer review report (here) – The report reveals that the number of STORs submitted has increased significantly since the start of MAR and since. However, most of the increase relates to equity-based STORs. Page 39 reveals that “there are almost no STORs received about commodities.”. This accompanying press release from ESMA urges an increased focus by regulators on occasions where STORs are not submitted despite suspicious activity being observed.
  • Report on NCAs’ issuance of sanctions and administrative measures under MAR (here) – Focuses on sanctions issued under MAR in breach of the inside information and market manipulation rules, with an “other” section.
  • List of Accepted Market Practices under MAR (here)
  • Responses to consultation relating to MAR review (here) – Responses to the MAR consultation as described here.

 

 

 

About avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on the regulation of the commodity, energy and financial markets. He has more than 23 years of experience in the financial, energy and commodity markets, covering regulatory compliance, credit, risk and financial technology. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy and Commodity Regulation. Before that, he founded Coherence, a consulting firm specializing in credit risk in commodity and energy trading as well as software product management. The credit practice ultimately became part of Sirius Solutions, where he was the Managing Director of Europe. He has also held management roles at KWI and Iris Financial, among other organizations. Mr. Handler holds a degree in computer science from Imperial College, University of London.

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