EU Energy Policy

EU rules on insider dealing yet to be harmonised

The extent of the overlap between different EU regulations that aim to stamp out insider dealing in energy and financial markets is still undecided and more work needs to be done to clarify how the rules apply under each framework, a senior member of the European Parliament told Interfax on Thursday.
By Andreas Walstad 13 April 2012 0 9037

The extent of the overlap between different EU regulations that aim to stamp out insider dealing in energy and financial markets is still undecided and more work needs to be done to clarify how the rules apply under each framework, a senior member of the European Parliament told Interfax on Thursday.

The EU wants to combat market manipulation by replacing the existing Market Abuse Directive (MAD) from 2003 with a Market Abuse Regulation (MAR) and a directive on criminal sanctions for market abuse. The latter could give national...