Topic Information obligations for issuers Material scope of the prohibition of market manipulation
Article from Issuer Guidelines published by the Federal Financial Supervisory Authority
The scope of the prohibition of market manipulation is governed by Article 2 of the MAR. As a result, in particular financial instruments traded on a regulated market, a multilateral or an organised trading facility are included. This means that all exchange-traded financial instruments generally fall within the scope of the prohibition of market manipulation. Not only financial instruments already being traded are covered, but also financial instruments for which so far only admission to trading on the regulated market or inclusion in regulated unofficial market (Freiverkehr) has been requested. The prohibition of market manipulation applies to acts and omissions in the EU and third countries relating to the instruments referred to above.
