Supervisors are granted more investigative and sanctioning powers in the fight against market abuse.
.The European Parliament recently granted supervisors more investigative and sanctioning powers in the fight against market abuse, and it endorsed the political agreement on this proposal. The new rules, which are included in a regulation, should also help in the fight against market abuse on the market for commodities and derivatives.
In addition, member states are currently debating a proposal for a directive which obliges EU member states to establish criminal penalties for insider trading and market manipulation.
Because the scope of these new market abuse rules is closely related to the new Directive on Markets in Financial Instruments (MiFIR), the final texts can only be adopted once political agreement on MiFIR II is reached.