Proposal for a Regulation of the European Parliament and of the Council on insider dealing and market manipulation (market abuse), COM(2011) 651 final of 20 October 2011; Proposal for a Directive of the European Parliament and of the Council on criminal sanctions for insider dealing and market manipulation, COM(2011) 654 final of 20 October 2011; To strengthen the fight against market abuse, the European Commission has, after lengthy consultation,1 published a set of formal legislative proposals to reform the existing market abuse regime. The proposals were published in tandem with the Commission's proposals to revise the Markets in Financial Instruments Directive (MiFID),2 to ensure that the Market Abuse Directive (MAD)3 and MiFID continue to complement each other's aims and objectives.
Reasons for Change
Structure of Proposals
Scope of the Proposals
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