• Posted 03-Jul-2016

EU rules to fight market manipulation in Europe's financial markets

The European Commission has presented a new EU legal framework, already applicable since 3 July 2016, aiming to ensure even more efficient, transparent and trustworthy European financial markets. The updated rulebook strengthens and replaces the existing EU rules on market integrity and investor protection, first adopted in 2003. It consists of the Market Abuse Regulation and the Directive on Criminal Sanctions for Market Abuse.

The new legal framework requires from Member States to introduce common definitions of criminal offences of insider dealing and market manipulation and to impose maximum criminal penalties for the most serious market abuse offences. Member States have to make sure that such behaviour is a criminal offence, punishable with effective sanctions everywhere in Europe.

This new rulebook, is expected to increase investor protection and confidence by allowing deeper and more integrated financial markets, and contribute to the creation of the Capital Markets Union. The new framework will strengthen the fight against market abuse across commodity and related derivative markets.

More information: http://europa.eu/rapid/press-release_IP-16-2352_en.htm