Legal framework in the European Union concerning insider trading as a part of market abuse Cover Image

Reglementări ale Uniunii Europene privind tranzacţiile bazate pe informaţii privilegiate
Legal framework in the European Union concerning insider trading as a part of market abuse

Author(s): Septimiu Panainte
Subject(s): Law, Constitution, Jurisprudence
Published by: Editura Universităţii »Alexandru Ioan Cuza« din Iaşi

Summary/Abstract: The study aims to provide a short presentation of new general legal framework in EU concerning insider trading as a part of market abuse. Market abuse consists of insider dealing and market manipulation. The objective of legislation against insider dealing is the same as that of legislation against market manipulation: to ensure the integrity of Community financial markets and to enhance investor confidence in those markets. Thus there have been adopted combined rules to combat both insider dealing and market manipulation. Directive 2003/6/EC aim to ensure throughout the Community the same framework for allocation of responsibilities, enforcement and cooperation.

  • Issue Year: LI/2005
  • Issue No: 1
  • Page Range: 99-118
  • Page Count: 20
  • Language: Romanian