{"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":["MAR L1"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","release_published":"2026-11-01T16:41:30Z","checked_at":"2026-11-01","checked_against":"EUR-Lex"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/mar/recitals/25","url":"https://www.headlesslaw.com/mar/recitals/25","title":"Recital 25","family":"l1_recital_view","work_id":"mar","view_of":"/mar/recitals","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":"Regulation (EU) No 596/2014, OJ L 173, 12.6.2014","check":{"against":"EUR-Lex","on":"2026-11-01"},"check_result":"matched","official_url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32014R0596","valid_from":"2021-01-01","valid_until":null,"content_id":"af674c3d963b437d","versions":["2021-01-01"],"version_url":"https://www.headlesslaw.com/mar/recitals/25/versions/2021-01-01","revision_url":"https://www.headlesslaw.com/mar/recitals/25/versions/2021-01-01/rev/af674c3d963b437d","versions_url":"https://www.headlesslaw.com/mar/recitals/25/versions","relations_url":"https://www.headlesslaw.com/mar/recitals/25/relations","act_url":"https://www.headlesslaw.com/mar/recitals","source_line":null,"attribution":null,"context":{"act":{"work_id":"mar","path":"/mar/recitals","name":"MAR","number":"Regulation (EU) No 596/2014","celex":"32014R0596","title_official":null,"document_date":null},"position":{"kind":"recital","key":"25","index":25,"articles":89,"annexes":0},"prev":{"path":"/mar/recitals/24","key":"24","title":"Recital 24"},"next":{"path":"/mar/recitals/26","key":"26","title":"Recital 26"},"act_anchor":""}},"provenance":{"official_url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32014R0596","check":{"result":"matched","checked_at":"2026-11-01","against":"EUR-Lex"},"repo_path":"spaces/mar/recitals.md","unit_text_sha256":"c8daecf7f05d1ff63f62e1add1ac9cfd5ec9900b1e90dc9478e37fbc6d23b190","note":"the unit is a byte-exact part of the act page, whose check record covers it"},"unit":{"locator":"mar/recitals/rec/25","kind":"recital","key":"25","heading":"","text":"Orders placed before a person possesses inside information should not be deemed to be insider dealing. However, where a person comes into possession of inside information, there should be a presumption that any subsequent change relating that information to orders placed before possession of such information, including the cancellation or amendment of an order, or an attempt to cancel or amend an order, constitutes insider dealing. That presumption could, however, be rebutted if the person establishes that he or she did not use the inside information when carrying out the transaction.","marks":[],"text_hash":"c8daecf7f05d1ff63f62e1add1ac9cfd5ec9900b1e90dc9478e37fbc6d23b190","revision":1,"blocks":[{"locator":"mar/recitals/rec/25/block/1","text_hash":"c8daecf7f05d1ff63f62e1add1ac9cfd5ec9900b1e90dc9478e37fbc6d23b190","revision":1}]}}