FSA publishes MAD directive
The Financial Services Authority has published the final rules and guidance for implementing the Market Abuse Directive (MAD). The directive, a key element of the EU Financial Services Action Plan, introduces a common EU approach for preventing and detecting market abuse and ensuring a proper flow of information to the market.
Hector Sants, managing director of the FSA's wholesale business unit, said:"The FSA has sought to ensure that the flexibility of the current market abuse regime is retained. Those activities which
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