Author (Corporate) | European Commission |
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Series Title | COM |
Series Details | (2015) 647 final (16.12.15) |
Publication Date | 16/12/2015 |
Content Type | Policy-making, Report |
Article 6(1) of Regulation (EU) No 596/2014 on market abuse ("MAR") exempts Member States, including members making up the federation in the case of a Member State that is a federal state, members of the European System of Central Banks (ESCB), ministries and other agencies and special purpose vehicles of one or several Member States or persons acting on their behalf from the application of MAR to transactions, orders or behaviour insofar as they are undertaken in pursuit of monetary, exchange rate or public debt management policies. Such an exemption from the scope of MAR may, in accordance with Article 6(5) of MAR, be extended by virtue of the Commission's delegated act in accordance with Article 35 of MAR to certain public bodies charged with, or intervening in, public debt management and to central banks of third countries. This report assesses the international treatment of public bodies charged with, or intervening in, public debt management and of central banks in third countries with the purpose of evaluating the appropriateness of the extension of the abovementioned exemption. |
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Source Link | http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM:2015:647:FIN |
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Subject Categories | Business and Industry |
Countries / Regions | Europe |