Inside Information

Abstract

Art 7 is one of the central provisions of the MAR as it defines the term inside information - a term which is essential for other provisions. As Art 7 contains four different definitions, this chapter is divided accordingly: First, the information on issuers or financial instruments is defined. Each element of the definition is addressed in detail. Subsequently, the information on commodity derivatives, the information on emission allowances and client orders are addressed. The differences to the first definition are briefly discussed.