Market abuse regime
The Market Abuse (Directive 2003/6/EC) Regulations 2005 transposed the EU Market Abuse Directive (MAD I) into Irish law. As has been widely reported, the current EU market abuse regime is in line for an overhaul. It is anticipated that the implementation of the new proposals may not come into force until 2016.
However, the wide-ranging ramifications of these changes, including criminalisation of certain behaviours, means that companies should take account of the proposed new measures now and begin to adapt their governance and compliance structures accordingly. Otherwise they may find themselves subject to significant administrative or criminal sanctions.
The European Commission began a review of MAD I in 2009, the purpose of which was the strengthening and modernising of the EU market abuse framework. Under the review, the commission considered both the potential for simplification and burden reduction and ensuring greater effectiveness of its market abuse framework in order to respond adequately to any deficiencies that may have arisen (notably during the financial crisis) since the adoption and implementation of MAD I. Following a consultation process, the commission published proposals to replace MAD I with two pieces of legislation…
Click on the link below to read the rest of the Eversheds briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Eversheds
News from The Lawyer
Briefings from Eversheds
The regulation applies caps on the interchange fees charged by cardholders’ banks to merchants’ banks every time a consumer makes a card-based purchase.
In the e-commerce sector it is believed that companies who engage in selling via the internet may be employing methods to restrict online trade.
Analysis from The Lawyer
Eversheds is no stranger to an international tie-up but now it’s in the market for the jewel in its global crown
Which firms are cutting it in this era of slimline rosters, and who are the GC new brooms making clean sweeps? The Lawyer can reveal all