EU Regulation on Notifications under the Market Abuse Regulation 

A Commission Delegated Regulation supplementing the MAR was published in the Official Journal of the European Union. The Regulation lays down RTS for the content of notifications to be submitted to regulators and the compilation, publication and maintenance of the list of notifications.

The Markets in Financial Instruments Regulation requires on-going submissions of reference data for financial instruments admitted to trading. By contrast, the MAR requires trading venues to notify regulators only once of details of financial instruments which are the subject of a request for admission to trading, admitted to trading or traded and where a financial instrument ceases to be traded or admitted to trading. The RTS require that notifications of financial instruments pursuant to the reporting obligations in MAR include all of the data set out in table 2 annexed to the RTS, such as the instrument identification code, instrument full name and trading venue.

The RTS also require trading venues to be electronically notified of any incompleteness in the received notifications and of failure to deliver the notifications before the relevant deadline. Regulators must, using automated processes, monitor and access whether notifications received from trading venues comply with relevant legislation and must transmit complete and accurate notifications to ESMA. Further requirements are placed on ESMA to consolidate the notifications received from each regulator and, using automated processes, to monitor and assess whether the notifications received from regulators are complete, accurate and comply with the applicable standards and formats, to inform regulators of incompleteness or failure to deliver notifications before the relevant deadline and to publish the complete list of notifications in an electronic, downloadable and machine readable form on its website.

The Regulatory Technical Standards shall apply from 3 July 2016.

View the Regulatory Technical Standards.