Insights & Publications
Diversity & Inclusion
© 2020 Debevoise & Plimpton LLP
EU Market Abuse Regulation Imposes Significant New Obligations on ADR/GDR and Eurobond Issuers on EU-Regulated Markets and on Unregulated Exchanges
27 April 2016
View Client Update
A new Market Abuse Regulation (“MAR”) will apply throughout the European Union from July 3, 2016.
Once MAR becomes effective, issuers with a Standard listing of shares and debt (and potentially, also ADRs/GDRs) on the London Stock Exchange (“LSE”) will be required to implement senior manager reporting obligations and trading restrictions that currently apply only to Premium-listed companies.
Companies that were previously not subject to the European market abuse regime, for example, issuers with securities trading on the LSE’s ATT-Only platform and Eurobond issuers on a multilateral trading facility, will need to adopt appropriate internal policies by July 3, 2016 in order to comply with the new obligations.
James C. Scoville
UK Modern Slavery Act Transparency Statement
Debevoise Women's Review