Memo: Statement by Vice-President Reding and Commissioner Barnier on European Parliament’s vote to approve criminal sanctions for market abuse directive

On 4 February 2014 the European Commission welcomed the vote by the European Parliament's plenary to approve the Commission's proposal for a Directive on criminal sanctions for market abuse. The vote followed the political agreement reached with the Council in the trilogue on 10 December 2013, which was confirmed by COREPER on 20 December.

ESO: Background information: Leading Parliamentary Committee backs criminal sanctions for market abuse http://www.europeansources.info/record/memo-leading-parliamentary-committee-backs-criminal-sanctions-for-market-abuse/

European Parliament: Press Release, 04.02.14: Financial market manipulators may face at least four years in jail http://www.europarl.europa.eu/news/en/news-room/content/20140203IPR34503/

European Parliament: Press Release, 03.02.14: Arlene McCarthy: "Member states will now have to make market abuse a criminal offence" http://www.europarl.europa.eu/news/en/news-room/content/20140131STO34422/

European Commission: RAPID: Memo, MEMO/14/78: Directive on criminal sanctions for market abuse – Frequently Asked Questions http://europa.eu/rapid/press-release_MEMO-14-78_en.pdf

EUObserver, 05.02.14: MEPs agree four-year jail term for insider trading http://euobserver.com/news/123003

Deutsche Welle, 04.02.14: European Parliament backs prison terms for market fraudsters http://dw.de/p/1B2ct

ESO: Background information: Criminal sanctions for financial market abuse http://www.europeansources.info/record/criminal-sanctions-for-financial-market-abuse/

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