The regulation on insider trading and market manipulation has been definitively approved. The go-ahead came from the EU Council, which followed up on the vote of the plenary session of the European Parliament in favor of the regulation of 10 September 2013 and the directive of 4 February 2014.
"The adoption sends a strong message of zero tolerance towards those who abuse the privileged information in their possession by trying to manipulate the market", Justice Commissioner Viviane Reding indicated today in Brussels. After its publication in the Official Journal, expected in June, there will be a 24-month period for the Commission to adopt implementing measures relating to the regulation and for the directive to be transposed into national law by the Member States.
