The Most Common Pitfalls of MAR Compliance

The EU Market Abuse Regulation (MAR) has been in effect for a couple of years now, so we’ve had time to observe the effect it has had, how companies have reacted and what the biggest pitfalls and misconceptions are.

On a practical level, some of the biggest changes that companies have had to adjust to are related to the handling of inside information and insider lists.

These tasks can be tedious and sometimes seem unimportant, falling to the bottom of the to-do list, but MAR compliance mistakes are expensive mistakes. Companies that don’t fully understand the regulation and their obligations risk hefty fines and other disciplinary action. And it seems like that may be the case for… most companies.

We’ve been collecting responses to a short survey about insider list management, and after analysing the results of over 400 respondents we were surprised to find that:

Less than 17% of companies were fully compliant in all aspects of insider list management, and about 6% of companies aren’t even creating insider lists at all. Reflecting on our own experience from advising companies these past few years, as well as the feedback gathered through our survey, there were some clear themes emerging regarding the challenges and pitfalls of complying with
MAR.

We also consulted with legal experts across Europe, asking how their clients had adapted to the changes, what questions and doubts people came to them with and what advice they had for
issuers that are new to MAR.

The result is this ebook, which will highlight the 6 most common pitfalls when it comes to complying with MAR and share advice on how to ensure that your company is not at risk.

Read the full case study here.

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