European Union: European Commission closes consultation on draft Delegated Regulation amending Commission Delegated Regulation (EU) 2016/522 as regards the list of designated trading venues that have a significant cross-border dimension in the supervision of market abuse and the indicators of market manipulation

On 14 January 2026, the European Commission closes the public consultation on the draft Commission Delegated Regulation amending Commission Delegated Regulation (EU) 2016/522 as regards the list of designated trading venues that have a significant cross-border dimension in the supervision of market abuse and the indicators of market manipulation, which had been open since 17 December 2025. The draft delegated regulation amends Commission Delegated Regulation (EU) 2016/522 adopted under Regulation (EU) No 596/2014 on market abuse. It designates trading venues with a significant cross-border dimension for the exchange of order data under Article 25a of Regulation (EU) No 596/2014, with the initial scope limited to shares. It also amends Annex II to Commission Delegated Regulation (EU) 2016/522 to update and clarify indicators of market manipulation, including the assessment of conduct over time frames shorter or longer than a trading session, the consideration of volume-based effects, indirect exposures, algorithmic trading practices, and the correction of cross-references.