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ESMA identifies divergence in Member States’ use of sanctions under the Market Abuse Directive

The European Securities and Markets Authority (ESMA) has published a report on the use of administrative and criminal sanctions by European Union (EU) national regulators under the Market Abuse Directive (MAD). The report provides a comparison of the use of administrative sanctioning powers across 29 EEA Member States for 2008-2010. The results of the report will provide input to the legislative process on the new market abuse regime.

The whole text is available at the link below:

http://www.esma.europa.eu/system/files/2012-272.pdf

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