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Part B Commentary, 7 Final Provisions, Art.39: Entry into force and application

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: 13 July 2024

Market abuse — Market Abuse Directive (MAD) — Regulated activities

This chapter presents the concluding Article of the Market Abuse Regulation. Article 39 declares that it is binding by the twentieth day following that of its publication in the Official Journal of the European Union. Except for the articles mentioned in Article 39(2) which have to be applied by 2 July 2014, it applies only from 3 July 2016. This means that the Market Abuse Regulation has no retrospective effect. However, pursuant to Article 39(3), the Member States shall take the necessary measures to comply with Articles 22, 23, and 30; Article 31(1); and Articles 32 and 34 by 3 July 2016.

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