Abstract

Article 15 of the Market Abuse Regulation 596/2014 states that “a person shall not engage in or attempt to engage in market manipulation.” In accordance with Article 16 of the MAR, prevention and detection of such manipulation on the London markets is a matter for the London Stock Exchange and Financial Conduct Authority (Financial Services and Markets Act 2000 (as amended) and Financial Securities and Markets Act 2000 (Market Abuse) Regulations). In Burford Capital Limited v London Stock Exchange Group plc [2020] EWHC 1183 (Comm), Andrew Baker J. was asked to consider whether an issuer has a private right of action for alleged share price manipulation under the MAR.

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