Summary:
EuropeanIssuers’ Response of 27 July to the
Revision of the Market Abuse Directive (MAD) dated 25 June 2010.
EuropeanIssuers welcomes the revision and proposes the following improvements:
- the MAD regime should be simplified for all companies in the EU before extending it to MTFs
- the obligation of keeping insider lists should be deleted
- information sharing between authorities should be useful
- there should be harmonisation of the activity of liquidity providers across the EU
- the threshold for the notification of transaction by managers should be higher and restart from zero everytime it is reached
- it would be helpful to extend the MAD provisions to secondary markets for emissions trading
- there should be a definition of market operator
Position paper:
MAD_EuropeanIssuers_final_version_100727.pdf
