New EU rules to fight insider dealing and market manipulation in Europe’s financial markets take effect

The European Commission signaled that a revamped legal framrwork encouraging more efficient, transparent and trustworthy financial markets was scheduled to come into force on 3 July 2016.

The rulebook includes the Market Abuse Regulation and the Directive on Criminal Sanctions for Market Abuse. It aims to increase investor protection and confidence by allowing deeper and more integrated financial markets, and to contribute to the creation of the Capital Markets Union.

The legal framework strengthens the fight against market abuse across commodity and related derivative markets, bans the manipulation of benchmarks and reinforces the investigative and sanctioning powers of regulators.

• Primary Source

ESO: Background information: Tackling financial market abuse in the EU http://www.europeansources.info/record/tackling-financial-market-abuse-in-the-eu/

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

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