CESR releases consultation paper on second set of

CESR releases consultation paper on second set of implementing measures for directive on market abuse

CESR has today published a consultation paper (Ref. CESR/03-102b) on it's proposed advice to the European Commission on a second set of technical implementing measures for the Directive on Insider Dealing and Market Manipulation (Market Abuse). The advice, once finalised, will complement the initial technical implementing measures (CESR's Advice on Level 2 Implementing Measures for the proposed Market Abuse Directive [Ref.CESR/O2.089d]) recommended by CESR to the Commission at the end of last year under the new Lamfalussy approach to regulating securities markets.