19 Jun. 2006 - The Market Abuse Directive (2003/6/EC) “MAD”, a key directive of the Financial Services Action Plan (FSAP) which was set up to achieve a harmonized legal environment for all financial markets within the European Economic Area, came into effect on 12 October 2004. The implementation of the MAD results in an EU-wide market abuse regime.
CESR takes the first one and a half year existence of the MAD as an excellent opportunity to consult with the public to hear views and experiences, benefits and eventually problems, with the new market abuse regime in Europe. Any recommendations on what issues further guidance would be needed and proposals to overcome any obstacles to efficient functioning of the markets in accordance with the legal environment are highly welcomed.
Please submit your comments by 31 October 2006 to Mr Fabrice Demarigny, Secretary General, by posting it on line in the section Consultations.