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Part B Commentary, 1 General Provisions, Art.2: Scope

Edited By: Marco Ventoruzzo

From: Market Abuse Regulation: Commentary and Annotated Guide (2nd Edition)

Edited By: Marco Ventoruzzo, Sebastian Mock

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 14 July 2024

Conduct of business regulation — Investment business — Market abuse — Market Abuse Directive (MAD) — Regulated activities

This chapter turns to Article 2 of the Market Abuse Regulation, which defines the scope of the Regulation in its entirety. Article 2 distinguishes between the primary scope of application governed by Article 2(1) and the extended scope of application solely for the prohibition of market abuse governed by Article 2(2). However, Article 2(3) sets almost no limitation for the scope of application for certain transactions, orders, or behaviour on trading venues. Finally, Article 2(4) defines the territorial scope of application. This chapter discusses the historical development of Article 2’s scope of application before turning to more detailed commentary on each section of the Article.

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