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The EU Market Abuse Regulation (596/2014) came into force in Luxembourg on July 3 2016. A new market abuse regime has been implemented, together with a wider set of rules covering the disclosure of:

• inside information;
• insider list manager transactions; and
• modifications relating to multilateral trading facility platforms (MTFs).

The regulation's new framework – in addition to the EU Criminal Penalties for Market Abuse Directive (2014/57/EC) – replaces the existing EU framework on market abuse that was established by the EU Insider Dealing and Market Manipulation Directive (2003/6/EC).

The Market Abuse Regulation is directly applicable in Luxembourg. It is unclear whether the existing rules that conflict with the Market Abuse Regulation or the Criminal Penalties for Market Abuse Directive will be removed from the Act on Market Abuse or adapted.