<!-- headlesslaw {"release":{"id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","published":"2026-11-01T16:41:30Z","pinned":false},"limits":{"coverage":{"history":"from:2021-01-01","held_since":"2021-01-01","gaps":[],"covered":["2016/522 — Delegated act — Indicators of market manipulation, closed periods [in force] L2"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","release_published":"2026-11-01T16:41:30Z","checked_at":"2026-10-20","checked_against":"EUR-Lex"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/mar/level-2/delegated-acts/2016-522-exemptions-manipulation-indicators-closed-period/articles/1","url":"https://www.headlesslaw.com/mar/level-2/delegated-acts/2016-522-exemptions-manipulation-indicators-closed-period/articles/1","title":"Article 1 — Subject-matter and scope","family":"l2_unit_view","work_id":"spaces/mar/level-2/delegated-acts/2016-522-exemptions-manipulation-indicators-closed-period","view_of":"/mar/level-2/delegated-acts/2016-522-exemptions-manipulation-indicators-closed-period","status":"in_force","force_status":"in_force","date_state":"current","requested_date":null,"as_of":"2026-11-01","applies_from":null,"application":null,"version_label":"Consolidated version of 5 August 2026","check":{"against":"EUR-Lex","on":"2026-10-20"},"check_result":"matched","official_url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02016R0522-20260805","valid_from":"2016-04-25","valid_until":null,"content_id":"765f579b1f948117","versions":["2016-04-25"],"version_url":"https://www.headlesslaw.com/mar/level-2/delegated-acts/2016-522-exemptions-manipulation-indicators-closed-period/articles/1/versions/2021-01-01","revision_url":"https://www.headlesslaw.com/mar/level-2/delegated-acts/2016-522-exemptions-manipulation-indicators-closed-period/articles/1/versions/2021-01-01/rev/765f579b1f948117","versions_url":"https://www.headlesslaw.com/mar/level-2/delegated-acts/2016-522-exemptions-manipulation-indicators-closed-period/articles/1/versions","relations_url":"https://www.headlesslaw.com/mar/level-2/delegated-acts/2016-522-exemptions-manipulation-indicators-closed-period/articles/1/relations","act_url":"https://www.headlesslaw.com/mar/level-2/delegated-acts/2016-522-exemptions-manipulation-indicators-closed-period#art-1","source_line":"Commission Delegated Regulation (EU) 2016/522 · binding · OJ L 88, 5.4.2016 · dated 17 Dec 2015 [in force]","attribution":{"prepared_by":"European Commission","published_by":"Publications Office of the EU","published_in":"Official Journal of the European Union","document_type":"delegated_regulation","legal_nature":"binding_adopted","addressees":"not stated in the document","dates":{"document_date":"2015-12-17","entry_into_force":"2016-04-25","locators":{"document_date":"CELLAR 32016R0522 work_date_document","entry_into_force":"CELLAR 32016R0522 resource_legal_date_entry-into-force (earliest)"}},"adoption":null},"context":{"act":{"work_id":"spaces/mar/level-2/delegated-acts/2016-522-exemptions-manipulation-indicators-closed-period","path":"/mar/level-2/delegated-acts/2016-522-exemptions-manipulation-indicators-closed-period","name":"Commission Delegated Regulation (EU) 2016/522","number":"2016/522","celex":"32016R0522","title_official":"COMMISSION DELEGATED REGULATION (EU) 2016/522 of 17 December 2015 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council as regards an exemption for certain third countries public bodies and central banks, the indicators of market manipulation, the disclosure thresholds, the competent authority for notifications of delays, the permission for trading during closed periods and types of notifiable managers' transactions (Text with EEA relevance)","document_date":"2015-12-17"},"position":{"kind":"article","key":"1","index":1,"articles":12,"annexes":3},"prev":null,"next":{"path":"/mar/level-2/delegated-acts/2016-522-exemptions-manipulation-indicators-closed-period/articles/2","key":"2","title":"Article 2 — Definitions"},"act_anchor":"#art-1"}}} -->
# Article 1 — Subject-matter and scope

**Commission Delegated Regulation (EU) 2016/522 · binding · OJ L 88, 5.4.2016 · dated 17 Dec 2015 [in force]**

*In force · Consolidated version of 5 August 2026 · Checked against EUR-Lex on 20 Oct 2026 · [Official source](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02016R0522-20260805)*

This Regulation lays down detailed rules with regard to:\
**(1)** the extension of the exemption to certain public bodies and central banks of third countries from the obligations and prohibitions set out in Regulation (EU) No 596/2014 in carrying out monetary, exchange-rate or public debt management policy;
**(2)** the indicators of market manipulation laid down in Annex I to Regulation (EU) No 596/2014;
**(3)** the thresholds for the disclosure by emission allowance market participants of inside information;
**(4)** the competent authority for the notifications of delays of public disclosure of inside information;
**(5)** the circumstances under which trading during a closed period may be permitted by the issuer;
**(6)** types of transactions triggering the duty to notify managers’ transactions;

**(7)** trading venues that have a significant cross-border dimension in the supervision of market abuse.
