European companies quoted on the stock exchange and represented by European Issuers complained on Wednesday 19 October that SMEs are de facto deprived of an exemption they used to enjoy under the market abuse regulation (MAR).
MAR came into force in July of this year to strengthen the fight against abuse of the market in raw material and related derivatives(see EUROPE 11438). It explicitly bans the manipulation of benchmarks such as LIBOR and boosts the regulators’ investigatory powers...