Sat. May 30th, 2020

Planet Compliance

Innovation & Regulation in Finance

ESMA consults on future MAR list of information regarding commodity and spot markets

2 min read

The European Securities and Markets Authority (ESMA) has opened today a public consultation on draft guidelines under the Market Abuse Regulation (MAR).

ESMA is seeking views on its proposed non-exhaustive indicative list of information expected or required to be published on commodity derivatives markets or spot markets for the purposes of determining  inside information regarding commodity derivatives  and of triggering the prohibitions for insider dealing.

Under MAR, inside information in relation to commodity derivatives must relate to either the commodity derivatives themselves or to the related spot commodity contract. However, there is a wide variety of commodities markets and commodity derivatives markets which may require distinguishing between types of information specific to these markets. Therefore, ESMA is giving further consideration to the scope of the instruments or products concerned.

ESMA will consider all comments received by 20 May 2016.  For the ESMA statement and the consultation paper, please click here.

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