Europe: the Market Abuse Directive - call for evidence

The European Commission has published a call for evidence concerning the Market Abuse Directive (2003/6/EC). Views are sought on the scope of the Directive (e.g., should it apply beyond regulated markets and include multilateral trading facilities?) and the definition of inside information and market manipulation. The Commission also notes the different approaches taken by Member States with regard to short-selling and consultees are asked whether there is a need for a "comprehensive framework for short selling" and, if so, whether this should be addressed within the Market Abuse Directive.