Markkinavääryntämisasetus

Markkinavääryntämisasetus, officially Regulation (EU) No 596/2014 on market abuse, is a piece of European Union legislation designed to ensure the integrity of financial markets across the EU. It replaced the earlier Market Abuse Directive and aims to prevent, detect, and punish market abuse. The regulation applies to a wide range of financial instruments admitted to trading or traded on regulated markets, MTFs, and OTFs, as well as those whose price depends on such instruments.

Key objectives of the Markkinavääryntämisasetus include enhancing market transparency, preventing insider dealing, and prohibiting unlawful disclosure of inside information. It also establishes rules against market manipulation, which encompasses actions that create a false or misleading impression about the supply, demand, or price of financial instruments. The regulation imposes obligations on issuers, including the timely disclosure of inside information, and on market participants to report suspicious transactions. Enforcement powers are granted to national competent authorities, which are responsible for supervising compliance and imposing sanctions. The regulation seeks to foster investor confidence and promote fair competition within the EU's financial markets.