Monday, 28 June 2010

Europe: revising the Market Abuse Directive - Commission consultation

The European Commission has today published a consultation paper seeking views on revisions to the Market Abuse Directive (MAD) (2003/6/EC): see here (pdf). Amongst the questions asked are:
  • Should MAD be extended to cover attempts to manipulate the market?
  • How can the powers of competent authorities to investigate market abuse be enhanced?
  • To what extent need the sanction regimes be harmonised at the EU level in order to prevent market abuse?
  • How can the system of cooperation among national and third country competent authorities be enhanced? What should the role of the European Securities and Markets Authority be in this regard?

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