Wednesday, 25 July 2012

EU: manipulating benchmarks - Commission amendments to market abuse proposals

Last October the European Commission published proposals for a Regulation and Directive on insider dealing and market abuse: see here. Today the Commission published amendments to these proposals in order to make it explicit that the manipulation of benchmarks is prohibited. For further information see: press release | FAQs | amendment to the Directive (pdf) | amendment to the Regulation (pdf) |. The FAQs page contains a section titled 'wider issues' in which there is some discussion regarding the manner in which benchmarks are set and overseen by supervisory authorities.

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