The new EU Market Abuse Regulation and Directive introducing criminal sanctions for insider dealing and market manipulation (known collectively as MAD II) are currently progressing through the European Legislature. The European Parliament's Economic and Monetary Affairs Committee (ECON) had been scheduled to vote on their latest draft report on 9th July 2012. Given the complexity of the legislation, and the controversies surrounding other pending European financial market proposals this vote has now been rescheduled to the 20th September.
To assist clients navigate the ever more complicated market abuse regimes across Europe, we have developed an online resource and brochure highlighting key issues, including the different national market abuse regimes and investigatory procedures across Europe, as well as covering the latest EU proposals on MAD II. We will update these resources as MAD II develops. We have also provided details on CMS's pan–European capabilities in handling regulatory investigation and enforcement work, particularly cross-border investigations.
To access the detailed guide, please click here. This contains a wealth of expert information including flow charts, analysis and timelines, contributed by the pan-CMS team across 19 countries, covering all the CMS EU jurisdictions and Ireland.
To view our brief overview brochure, Market Abuse Across Europe,
please click
here.
This article was written for Law-Now, CMS Cameron McKenna's free online information service. To register for Law-Now, please go to www.law-now.com/law-now/mondaq
Law-Now information is for general purposes and guidance only. The information and opinions expressed in all Law-Now articles are not necessarily comprehensive and do not purport to give professional or legal advice. All Law-Now information relates to circumstances prevailing at the date of its original publication and may not have been updated to reflect subsequent developments.
The original publication date for this article was 17/07/2012.
