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Slovenia

The Securities Market Agency supervises Slovenia’s financial markets, and the country has transposed EU regulations into its law. The Ljubljana Stock Exchange Rules cover market abuse. 

Overview: The Securities Market Agency supervises Slovenia’s financial markets, and the country has transposed EU regulations, including MAR, into its law. The Ljubljana Stock Exchange Rules cover market abuse.

Article 68: Measures for Checking Compliance with the Obligation to Disclose Regulated Information 

Article 70 a: Special Conditions for Other Members … the exchange must be able to carry out effective detection and prevention of potential acts of market abuse 

Section 11: Monitoring of Member Firms 

11.1 Rules and Procedures on Detection and Prevention of Market Abuse
Article 170: Applicability of Chapter 11 of the Rules
Article 171: Prohibition of Market Abuse on the Stock Exchange Market (market manipulation and insider dealings)
Article 173: Prevention and Detection of Market Manipulation
Article 174: Rules and Procedures for Prevention of Market Manipulation 
Article 175: Rules and Procedures for Detection of Market Manipulation
Article 176: Assessment of Market Manipulation
Article 177: Role of Trading System in Prevention and Detection of Market Manipulation

11.2: Monitoring Member Firm, Orders to Trade and Concluded Exchange Trades 
(1) Monitoring of members firms in meeting their duties under the Rules and Instructions applies predominantly to the monitoring and detecting of breaches of the following provisions form the Rules and Instructions: …rules on the prevention and detection of market abuse from Subchapter 11.1 hereunder. 
Article 179: Scope of Monitoring Exchange Trades: (1) The Exchange monitors the execution of exchange trades in order to detect … practices characteristic of market abuse, from paragraph 4 of this article. (4) Member firms’ practices typical of market abuse constitute breaches of Chapter 11.1 hereunder. 
Article 180: Methods of Monitoring Exchange Trades: (1) the monitoring of exchange trades aimed at detecting signals of market abuse is implemented chiefly on the basis of a risk assessment for the entire stock exchange market, thereby considering predominantly the following criteria … changes of regulations relating to exchange trading and market abuse; … 
Article 183: Informing the Agency of Suspicious Trades (Requires the exchange to report suspected breaches) 

Resources & Insights

Nasdaq Crypto Regulation Guide: Europe

Nasdaq Crypto Regulation Guide: Europe

Regulation of cryptocurrency varies globally by region, jurisdiction, and regulatory body. Nasdaq’s comprehensive and updated Cryptocurrency Regulation Guide Europe provides a snapshot of recent recommendations from international regulatory and standards-setting bodies as well as key developments in Europe.

Clearing the Path for Crypto-Asset Regulation: The EU’s MiCA Explained

Clearing the Path for Crypto-Asset Regulation: The EU’s MiCA Explained

The EU recently passed the Markets in Crypto-Assets (MiCA) regulation which will go into effect in 2024. The monumental vote will set global standards for the regulation of crypto-assets. Read our paper to learn more about the articles within MiCA pertaining to market abuse.

Practical Guide: Markets in Crypto Assets (MiCA) Regulation

Practical Guide: Markets in Crypto Assets (MiCA) Regulation

With MiCA scheduled to go into effect in 2024, crypto-asset market participants should expect more stringent surveillance requirements once the regulation is implemented. Now is the time to implement technology and processes to monitor for market abuse, money laundering, and fraud – not only to ensure compliance, but also to protect investors, instill confidence, promote integrity, and attract clients.