Position Paper

The Federal Association of Corporate Lawyers (BUJ) submitted a letter on 21 May 2026 to members of the European Parliament’s ECON Committee and the financial services attachés of the EU Member States concerning the Commission Delegated Regulation supplementing Article 17 of the European Market Abuse Regulation (MAR, Regulation (EU) 596/2014).

The BUJ strongly supports efforts to reduce complexity and enhance legal certainty regarding the ad hoc disclosure regime under the MAR. In particular, the BUJ welcomes the revised Article 17 MAR, which introduces a concept of finality for protracted processes and generally limits disclosure obligations to the occurrence of final events. The Delegated Regulation is intended to provide issuers with a non-exhaustive list of such possible final events.

The BUJ therefore calls on the relevant representatives of the European Parliament and the EU Member States not to object to the Delegated Regulation and to communicate their non-objection at the earliest possible stage. This is necessary to avoid a gap between the entry into force of the Delegated Regulation and the application of the revised Article 17 MAR as of 5 June 2026. The BUJ also urges that the scrutiny period not be extended by a further three months.

Further details can be found in the attached letter.