The UK Treasury has launched a consultation on the additional requirements of its Market Abuse Regime to the EU’s Market Abuse Directive
LONDON – The UK Treasury has launched a review of its Market Abuse Regime, which contains requirements that exceed the 2003 European Union’s Market Abuse Directive.
The consultation will re-evaluate the UK’s wider definition of market abuse than that established in Brussels and will take until May 2008 to complete.
The Treasury says it considers a short extension to its current measures beneficial, until the results of the EU review of its 2003 directive, also scheduled for this year, are released.
The Treasury says it is reserving judgement to gain the benefit of the EU review and save on industry transition costs.
More on Foreign Exchange
Target redemption forwards declining in popularity for macro reasons
EC ‘forgets’ to mention sterling in letter defining forex contracts
Target redemption forwards with capped loss structure set for launch
CNT fixing will be a boon for Taiwan’s derivatives market
Sign up for Risk.net email alerts
Oxford professor David Vines argues that the carrot is as important as the stick
Sponsored webinar: IBM
Watch highlights of this year's London conference
Operational risk and the challenges of defining and dealing with conduct risk
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.