The European Commission published on 25 July 2012 a number of revisions to its proposals for a regulation and directive on insider dealing and market manipulation.
The Commission's proposals are in response to recent developments regarding the alleged manipulation of indices such as the EURIBOR and LIBOR benchmarks and have the aim of bringing such activity within the scope of the regulation and directive to ensure that it attracts criminal sanction.
For more information on the proposals and the press release of the Commission announcing them, please see the Commissions’ website here.
On 20 August 2012, the European Parliament’s Committee on Economic and Monetary Affairs published a questionnaire for public consultation in the context of the Commission’s amended proposals. Responses to the consultation are required by 17 September 2012. For a link to the questionnaire, please click here.