2014R0596 - Summary

REGULATION (EU) No 596/2014 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (Text with EEA relevance)

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🇫🇷 French Version: 2014R0596_FR.0. Open the PDF. Direct link to EUR-LEX.

CHAPTER 1 - GENERAL PROVISIONS

Article 1 - Subject matter
Article 2 - Scope
Article 3 - Definitions
Article 4 - Notifications and list of financial instruments
Article 5 - Exemption for buy-back programmes and stabilisation
Article 6 - Exemption for monetary and public debt management activities and climate policy activities

CHAPTER 2 - INSIDE INFORMATION, INSIDER DEALING, UNLAWFUL DISCLOSURE OF INSIDE INFORMATION AND MARKET MANIPULATION

Article 7 - Inside information
Article 8 - Insider dealing
Article 9 - Legitimate behaviour
Article 10 - Unlawful disclosure of inside information
Article 11 - Market soundings
Article 12 - Market manipulation
Article 13 - Accepted market practices
Article 14 - Prohibition of insider dealing and of unlawful disclosure of inside information
Article 15 - Prohibition of market manipulation
Article 16 - Prevention and detection of market abuse

CHAPTER 3 - DISCLOSURE REQUIREMENTS

Article 17 - Public disclosure of inside information
Article 18 - Insider lists
Article 19 - Managers’ transactions
Article 20 - Investment recommendations and statistics
Article 21 - Disclosure or dissemination of information in the media
Article 21a - Accessibility of information on the European single access point

CHAPTER 4 - ESMA AND COMPETENT AUTHORITIES

Article 22 - Competent authorities
Article 23 - Powers of competent authorities
Article 24 - Cooperation with ESMA
Article 25 - Obligation to cooperate
Article 25a - Mechanism to exchange order data
Article 25b - Collaboration platforms
Article 26 - Cooperation with third countries
Article 27 - Professional secrecy
Article 29 - Disclosure of personal data to third countries

CHAPTER 5 - ADMINISTRATIVE MEASURES AND SANCTIONS

Article 30 - Administrative sanctions and other administrative measures
Article 31 - Exercise of supervisory powers and imposition of sanctions
Article 32 - Reporting of infringements
Article 33 - Exchange of information with ESMA
Article 34 - Publication of decisions

CHAPTER 6 - DELEGATED ACTS AND IMPLEMENTING ACTS

Article 35 - Exercise of the delegation
Article 36 - Committee procedure

CHAPTER 7 - FINAL PROVISIONS

Article 37 - Repeal of Directive 2003/6/EC and its implementing measures
Article 38 - Reports
Article 39 - Entry into force and application

Annex I - Indicators of manipulative behaviour relating to false or misleading signals and to price securing
Annex II - Correlation table