ESMA - Report on the amendments to Commission Delegated Regulation 2016/1052 on buy-back programmes and stabilisation measures
The Report contains the draft amendments to the RTS on buy-back programmes (Commission Delegated Regulation (EU) 2016/1052) to reflect the changes introduced to Article 5 of MAR by the Listing Act.
In particular, Article 5 of MAR, as amended by the Listing Act, changes the requirement regarding which NCA buy-back transactions must be reported, and introduces an aggregate reporting of buy-back transactions to the public.
Since the amendments are limited in scope and do not impose any additional requirements on market participants, ESMA has considered it disproportionate in relation to the scope and impact of the RTS to conduct a cost-benefit analysis and to publicly consult
