Treasury has published a note summarising its views on the "sunset" clauses in FSMA that deal with market abuse in a manner that is super-equivalent to the current Market Abuse Directive (MAD). The note was published before the Commission published its proposals to revise MAD, but it was the view of Treasury and FSA that continuing to have these clauses in UK law would be consistent with the Commission's aims. (Source: Treasury Publishes MAD Sunset Clauses Note)