CESR: Additional Mandate on Market Abuse Directive – call for evidence
07 February 2003
The European Commission published its second mandate to CESR for advice on technical implementing measures under the Market Abuse Directive. CESR is invited to provide advice on the following two priority issues by 31 August at the latest:
Implementing measures related to the definitions of 'Accepted market
practices', and of ‘Inside information’ for derivatives on commodities
(Article 1 of the Directive);
Implementing measures regarding some preventative measures related to
issuers, corporate managers and professional intermediaries (Article 6 of the
Directive)
Therefore, CESR is inviting all interested parties to submit views as to what CESR should consider in its advice to the European Commission. All contributions should be addressed to CESR by 28 February 2003.
In order to meet the Commission’s deadline of 31 August 2003, the provisional timetable for the work that CESR will be undertaking in response to the request from the European Commission, is as follows:
Call for evidence – 7 February 2003
Publication of consultation paper in April 2003 (probably 15th April)
Consultation to close on 30th June 2003
Final paper to be signed off by CESR on 30th August 2003
Particular attention should be given to the fact that the consultation period will not be a full 3 months in view of the August deadline.
Additional Market Abuse Mandate
© CESR - Committee of European Securities Regulators
