In context

European Parliament adopts new measures on market abuse

October 10, 2013
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In context

Supervisors are granted more investigative and sanctioning powers in the fight against market abuse.

The European Parliament recently granted supervisors more investigative and sanctioning powers in the fight against market abuse, and it endorsed the political agreement on this proposal. The new rules, which are included in a regulation, should also help in the fight against market abuse in the commodities and derivatives market.

 

In addition, member states are currently debating a proposal for a directive which obliges EU member states to establish criminal penalties for insider trading and market manipulation.

 

Because the scope of these new market abuse regulations is closely related to the new Directive on Markets in Financial Instruments (MiFIR), the final text can only be adopted once political agreement on MiFIR II is reached.

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