<!-- headlesslaw {"release":{"id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","published":"2026-11-01T16:41:30Z","pinned":false},"limits":{"coverage":{"history":"from:2022-01-01","held_since":"2022-01-01","gaps":[],"covered":["MiFIR L1"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","release_published":"2026-11-01T16:41:30Z","checked_at":"2026-10-26","checked_against":"EUR-Lex"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/mifir/articles/39","url":"https://www.headlesslaw.com/mifir/articles/39","title":"Article 39 — Market monitoring","family":"l1_generated","work_id":"mifir","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 23 November 2025","check":{"against":"EUR-Lex","on":"2026-10-26"},"check_result":"matched","official_url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02014R0600-20251123","valid_from":"2022-01-01","valid_until":null,"revision":1,"content_id":"21f31d5e637df219","change_date":null,"nearest_versions":["2022-01-01"],"first_text_date":"2014-05-15","correction_applies":false,"versions":["2022-01-01"],"version_url":"https://www.headlesslaw.com/mifir/articles/39/versions/2022-01-01","revision_url":"https://www.headlesslaw.com/mifir/articles/39/versions/2022-01-01/rev/21f31d5e637df219","versions_url":"https://www.headlesslaw.com/mifir/articles/39/versions","relations_url":"https://www.headlesslaw.com/mifir/articles/39/relations","source_line":null,"attribution":null}} -->
---
title: "Article 39 — Market monitoring"
type: regulation
legal_status: in_force
source: "https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02014R0600-20251123"
source_retrieved: 2026-09-30
shortTitle: "Article 39 — Market monitoring"
instrument_type: level1_regulation
authority: Commission
binding: true
binding_character: binding
mica_level2: false
legal_basis: "Regulation (EU) No 600/2014"
instrument: mifir
celex: "32014R0600"
regulation: MiFIR
regulation-full: "Regulation (EU) No 600/2014"
article: 39
status: in_force
object_id: eu.mifir.legal_text.article.39
text_version: "Consolidated version of 23 November 2025"
source_url: "https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02014R0600-20251123"
check_status: matched
verified: true
last_checked: 2026-10-26
---

*In force · Consolidated version of 23 November 2025 · Checked against EUR-Lex on 26 Oct 2026 · [Official source](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02014R0600-20251123)*

1. <a id="p-1"></a>In accordance with Article 9(2) of Regulation (EU) No 1095/2010, ESMA shall monitor the market for financial instruments which are marketed, distributed or sold in the Union.
2. <a id="p-2"></a>In accordance with Article 9(2) of Regulation (EU) No 1093/2010, EBA shall monitor the market for structured deposits which are marketed, distributed or sold in the Union.
3. <a id="p-3"></a>Competent authorities shall monitor the market for financial instruments and structured deposits which are marketed, distributed or sold in or from their Member State.

***

[Title VII — Supervisory measures on product intervention and positions](../titles/vii.md) · [← Article 38o](38o.md) · [Article 39a →](39a.md)
