Newsflash EU: Proposal for EU-wide Criminal Sanctions for Market Abuse

The European Union is considering EU-wide mandatory criminal sanctions for insider dealing and market manipulation (market abuse).  While a number of Member States already have such sanctions in place, others have not.  Current EU legislation and in particular the Market Abuse Directive (Directive 2003/6/EC) only broadly refer to an obligation for the Member States to take appropriate administrative measures against these practices but stay away from the EU-wide criminalisation that is now on the table. Like any EU action in the field of criminal law, this is politically sensitive.

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If you have any questions, please contact Stefaan Loosveld (+32 2 501 95 21), Bernd Meyring (+32 2 505 03 32) or Etienne Dessy (+32 2 501 90 69)

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