{"release":{"id":"c89ff15ec1240a456b40735def079beeda55a0c372be7f3da154287997367ecf","published":"2026-11-02T04:02:35Z","pinned":false},"limits":{"coverage":{"history":"from:2021-01-01","held_since":"2021-01-01","gaps":[],"covered":["MAR L1"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"c89ff15ec1240a456b40735def079beeda55a0c372be7f3da154287997367ecf","release_published":"2026-11-02T04:02:35Z","checked_at":"2026-10-26","checked_against":"EUR-Lex"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/mar/articles/10","url":"https://www.headlesslaw.com/mar/articles/10","title":"Article 10 — Unlawful disclosure of inside information","family":"l1_generated","work_id":"mar","status":"in_force","force_status":"in_force","date_state":"current","requested_date":null,"as_of":"2026-11-02","applies_from":null,"application":null,"version_label":"Consolidated version of 5 June 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disclosure of inside information","text":"","marks":[],"revision":1,"text_hash":"e3b0c44298fc1c149afbf4c8996fb92427ae41e4649b934ca495991b7852b855","reason":null},{"locator":"mar/art/10/para/1","kind":"paragraph","status":"in_force","label":"1.","heading":null,"text":"For the purposes of this Regulation, unlawful disclosure of inside information arises where a person possesses inside information and discloses that information to any other person, except where the disclosure is made in the normal exercise of an employment, a profession or duties.","marks":[],"revision":1,"text_hash":"7e65dead5a9362c95497c51c39835e28f3ac34b4ef430899a4acbc070ecd8531","reason":null},{"locator":"mar/art/10/para/1/cont/1","kind":"continuation","status":"in_force","label":null,"heading":null,"text":"This paragraph applies to any natural or legal person in the situations or circumstances referred to in Article 8(4).","marks":[],"revision":1,"text_hash":"bae3dad8f21005feb5b7f42d71b54b825e5ad4500d4a9f92eba70e7b7bb4ca01","reason":null},{"locator":"mar/art/10/para/2","kind":"paragraph","status":"in_force","label":"2.","heading":null,"text":"For the purposes of this Regulation the onward disclosure of recommendations or inducements referred to in Article 8(2) amounts to unlawful disclosure of inside information under this Article where the person disclosing the recommendation or inducement knows or ought to know that it was based on inside information.","marks":[],"revision":1,"text_hash":"1aace6ad73c975bcb4360f7193cd638a17e261697b8b103e8a5ccd9ae41e244a","reason":null}],"markdown":"---\ntitle: \"Article 10 — Unlawful disclosure of inside information\"\ntype: regulation\nlegal_status: in_force\nsource: \"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02014R0596-20260605\"\nsource_retrieved: 2026-10-01\nshortTitle: \"Article 10 — Unlawful disclosure of inside information\"\ninstrument_type: level1_regulation\nauthority: Commission\nbinding: true\nbinding_character: binding\nmica_level2: false\nlegal_basis: \"Regulation (EU) No 596/2014\"\ninstrument: mar\ncelex: \"32014R0596\"\nregulation: MAR\nregulation-full: \"Regulation (EU) No 596/2014\"\narticle: 10\nstatus: in_force\nobject_id: eu.mar.legal_text.article.10\ntext_version: \"Consolidated version of 5 June 2026\"\nsource_url: \"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02014R0596-20260605\"\ncheck_status: matched\nverified: true\nlast_checked: 2026-10-26\n---\n\n*In force · Consolidated version of 5 June 2026 · Checked against EUR-Lex on 26 Oct 2026 · [Official source](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02014R0596-20260605)*\n\n1. <a id=\"p-1\"></a>For the purposes of this Regulation, unlawful disclosure of inside information arises where a person possesses inside information and discloses that information to any other person, except where the disclosure is made in the normal exercise of an employment, a profession or duties.\n\n    This paragraph applies to any natural or legal person in the situations or circumstances referred to in [Article 8(4)](8.md).\n2. <a id=\"p-2\"></a>For the purposes of this Regulation the onward disclosure of recommendations or inducements referred to in [Article 8(2)](8.md) amounts to unlawful disclosure of inside information under this Article where the person disclosing the recommendation or inducement knows or ought to know that it was based on inside information.\n\n***\n\n[Chapter 2 — Inside information, insider dealing, unlawful disclosure of inside information and market manipulation](../chapters/2.md) · [← Article 9](9.md) · [Article 11 →](11.md)\n"}