Manager's Transactions: From Signal Effekt to Market Transparency

Franz Hartlieb
As of 3 July 2016, the Market Abuse Regulation (MAR) lays down a uniform, EUwide obligation for managers of listed issuers to disclose transactions conducted on their own account regarding financial instruments of said issuers. Compared to the previous legal regime, the regulatory approach relating to this reporting obligation has changed considerably: it no longer serves to provide investors with information from which they may potentially draw conclusions regarding the price performance of the financial...
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