19 Feb 2008, David Benyon, Operational Risk & Regulation
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.
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