The Conundrum of the Market Abuse Directive Preventative Measures for EU Financial Services’ Integration: In Search of Equilibrium between Market Integrity Enhancement and Undue Regulatory Encumbrance

Abstract: The article focuses on the inconsistence of the Market Abuse Directive (MAD) Preventative Measures. It mentions that there is vagueness of the preventative measures' scope and a lack of clarity on disclosure obligations and prohibition. Moreover, there are ambiguities and deficiencies of the new standards on the production and dissemination of investment research. It suggests that the Committee of European Securities Regulators should improve the EU market abuse regime to enforce it efficiently.