Art. 13
Market Abuse Regulation · 32014R0596 · every event for this act · on EUR-Lex
3 changes recorded across 3 events, newest first.
in force 2026-06-05 MODIFIED±0§
Amended by Regulation (EU) 2024/2809 32024R2809
applies from: unknown
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in force 2024-12-04 MODIFIED§
Amended by Regulation (EU) 2024/2809 32024R2809
applies from: unchanged
In point (d) of paragraph 12, the requirement that the market operator or investment firm operating the SME growth market agrees to the liquidity contract's terms and conditions has been removed, leaving only the requirement that it acknowledges in writing having received a copy of the contract.
Cited: Art. 13, v2 · Art. 13, v1
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in force 2021-01-01 MODIFIED§
Amended by Regulation (EU) 2019/2115 32019R2115
applies from: unknown (the text changed beyond its dates, so no date that moved can be read as the application date)
dates added to the text: 2016-02-26, 2020-09-01
Two new paragraphs, 12 and 13, have been added to the article, addressing liquidity contracts entered into by issuers of financial instruments admitted to trading on an SME growth market.
Paragraph 12 sets out conditions for such a liquidity contract, including compliance with the criteria in paragraph 2 and with Commission Delegated Regulation (EU) 2016/908, use of a Union template referred to in paragraph 13, authorisation and registration of the liquidity provider, and written acknowledgement by the market operator or investment firm running the SME growth market, together with an ongoing demonstration and disclosure obligation regarding the contract.
Paragraph 13 requires ESMA to develop draft regulatory technical standards for a contractual template for liquidity contracts under paragraph 12 and to submit them to the Commission by 1 September 2020, with power delegated to the Commission to adopt them under Articles 10 to 14 of Regulation (EU) No 1095/2010; none of this appears in the earlier version of Article 13.
Cited: Art. 13, v2 · Art. 13, v1
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