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The Investment Recommendations information for Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH can be found here.
The European Market Abuse Regulation (EU MAR) came into effect on 3 July 2016 and principally aims to increase market integrity, investor protection and update and strengthen the existing legal framework set out in the Market Abuse Directive (Directive 2003/6/EC). EU MAR was onshored into UK law on 31 December 2020 by the European Union (Withdrawal) Act 2018. Changes to EU MAR were made by the Market Abuse Exit Regulations 2019, to make sure that the onshored legislation (UK MAR) operates effectively in the UK1.
One of the aims of the UK MAR is to ensure that regulation keeps pace with market developments. It also strengthens the fight against market abuse across financial instruments including commodity and related derivative markets.
Investment Recommendations under UK MAR requires persons producing or disseminating investment recommendations to ensure information is objectively presented, and to disclose any conflicts of interest. UK MAR establishes that persons who produce or disseminate investment recommendations or other information recommending or suggesting investment strategies should take reasonable care to ensure objective presentation and to disclose their interests or indicate conflicts of interest concerning the financial instruments to which that information relates.
Any investment recommendation made by Lloyds Bank is only valid when read or received in conjunction with the disclosures found on the 'Disclosures tab'.
You should not construe the content of any material or disclosures provided on this website as legal, financial, tax, accounting or other advice, and you should consider consulting your professional advisors for such advice. Nothing on this page shall constitute a bid or offer, or a solicitation of a bid or offer, to initiate or conclude any transaction.
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1 UK MAR includes the following legislation, technical standards, and guidance:
- EU Market Abuse Regulation (PDF, 1.1MB) as amended by the Market Abuse Exit Regulations 2019
- FCA Technical Standards relating to UK MAR
- ESMA Guidelines and ESMA questions and answers that existed before the end of the transition period
- FCA guidance: FCA Handbook