CySec has issued a Circular for market particpants
The Cyprus Securities and Exchange Commission (CySec) has issued a Circular to inform regarding MAR Guidelines on Information relating to commodity derivatives markets or related spot markets for the purpose of the definition of inside information on commodity derivatives .
According to the Circular, CySec wishes to inform the following:
1. The European Securities and Markets Authority (ESMA) has published its Guidelines on Information relating to commodity derivatives markets or related spot markets for the purpose of the definition of inside information on commodity derivatives (‘the Guidelines’).
2. The Guidelines apply to Competent authorities and to: investors, financial intermediaries, operators of trading venues and persons professionally arranging and executing transactions in commodity derivatives.
3. The Guidelines provide a non-exhaustive and indicative list of information which is reasonably expected or is required to be disclosed in accordance with legal or regulatory provisions in Union or national law, market rules, contract, practice or custom, on the relevant commodity derivatives markets or spot markets as referred to in point b of Article 7(1) of Regulation (EU) No 596/2014 of the European Parliament and of the Council.
4. The CySEC adopts the Guidelines.
5. The Guidelines apply from 30 January 2017.
Source: CySec – C182 MAR Guidelines on commodity derivaties
Related Posts
CySEC informs Market Participants for the timely request of authorisation following Brexit
CySec issued a Circular in relation to Whistleblowers
CySec on ESMA’s regulation
CySec announced withdrawal of suspension of Cyprus Investment Firm authorisation- CySec has issued a Circular for the Regulated Entities in Cyprus
