Author (Corporate) | European Commission: DG Communication |
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Series Title | Memo |
Series Details | IP/13/1299 (20.12.13) |
Publication Date | 20/12/2013 |
Content Type | News |
The European Commission on 20 December 2013 welcomed the political agreement on the Commission's proposal for a Directive on criminal sanctions for market abuse, proposed in October 2011. The agreement follows four so-called trilogue meetings between the Commission and the two co-legislators (the European Parliament and the Council of Ministers). The breakthrough, endorsed by Member States on 20 December 2013, shows that Europe is willing to take all measures necessary to counter insider dealing and market abuse in its financial markets. Member States will have to make sure that such behaviour, including the manipulation of benchmarks, is a criminal offence, punishable with effective sanctions everywhere in Europe. The political agreement is due to be confirmed by the European Parliament in plenary, expected in January 2014. |
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Source Link | http://europa.eu/rapid/press-release_IP-13-1299_en.htm |
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Subject Categories | Business and Industry |
Countries / Regions | Europe |
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