EU reviews options for revised Market Abuse Directive
The Commission services have launched a public consultation on the review of the Market Abuse Directive. Its objective is to consult financial market participants, governments, competent authorities and other stakeholders on the modifications to the Market Abuse Directive that the Commission is considering for its forthcoming legislative proposal.
The consultation sets out options in the following areas: rules intended to extend the scope of the Directive; rules intended to enhance the effectiveness and coordination of the enforcement and sanctioning powers of the competent authorities, as well as the role of the European Securities Markets Authority; and rules intended to enhance the level of harmonisation and coordination among regulators in the EU, with the objective of creating a single rulebook. The issues set out in the consultation document will also be debated at a public hearing taking place in Brussels on 2 July. The hearing will bring together senior policy makers, regulators, industry experts and academics.
Deadline: 23.07.2010