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27 July 2010

European Issuers’ response to the revision of the Market Abuse Directive


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Die Vereinigung Europäischer Emittenten empfehlen der Europäischen Kommission eine Vereinfachung des Regelwerkes noch vor dessen Ausweitung auf MTFs. Der Schwellenwert für die Meldung von Transaktionen von Managern sollte erhöht, und bei erreichen erneut bei Null anfangen.


European Issuers welcomes the revision of the MAD and proposes the following improvements:

- the MAD regime should be simplified for all companies in the EU before extending it to MTFs;
- the obligation of keeping insider lists should be deleted;
- information sharing between authorities should be useful;
- there should be harmonisation of the activity of liquidity providers across the EU;
- the threshold for the notification of transaction by managers should be higher and restart from zero every time it is reached;
- it would be helpful to extend the MAD provisions to secondary markets for emissions trading; and
- there should be a definition of market operator.
 
 


© EuropeanIssuers


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