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Jurisdiction(s):
United Kingdom

UK Market Abuse Regulation (UK MAR): scope, instruments, exemptions and core obligations including inside information, insider dealing, market manipulation, market soundings, disclosure, STORs and PDMR transactions, with EU divergence overview

Practice notes
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What is the objective of the UK MAR?

Regulation (EU) 596/2014 (the EU Market Abuse Regulation) reshaped and reinforced the EU market abuse framework, extending its scope and imposing stiffer sanctions. From IP completion day (31 December 2020), the onshored version, Assimilated Regulation (EU) 596/2014 (the UK Market Abuse Regulation), has applied in the UK.

Divergence between the EU Market Abuse Regulation and UK MAR

For a high-level overview of differences between the principal provisions of the EU Market Abuse Regulation and the UK Market Abuse Regulation, see Practice Note: Market Abuse Regulation—key provisions divergence table.

What instruments does UK the UK Market Abuse Regulation apply to?

The UK Market Abuse Regulation applies to financial instruments:

  • admitted to trading on a regulated market in the UK, Gibraltar or the EU, or where an application for admission to trading has been made
  • traded on a UK, Gibraltar or EU multilateral trading facility (MTF), admitted to trading on a UK, Gibraltar or EU MTF, or where admission to a UK, Gibraltar or EU MTF has been sought
  • dealt on a UK organised trading...
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Web page updated on 22/05/2026

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