EU launches tighter market manipulation framework

The new EU rules will also contribute to the Capital Markets Union.
By Paul Walsh
The EU has released a revamped framework to address market manipulation in Europe’s financial markets.

Applicable from 3 July, the new framework aims to increase investor protection by allowing deeper and more integrated financial markets as well as increasing regulatory powers.

The resulting rulebook will also contribute to the creation of the upcoming Capital Markets Union.

“I am very pleased that our revamped rulebook against insider dealing and market manipulation is now taking effect,” said Jonathan Hill former EU Commissioner responsible for Financial Stability, Financial Services and Capital Markets Union.

“Having in place clear rules against misbehaviour on Europe’s financial markets is key for their efficient functioning and investor protection,”

The new rules will both reinforce and replace current EU rules on market integrity that were first introduced in 2003.