CESR Launches A Consultation On The Third Set Of CESR Guidance And Information On The Common Operation Of The Market Abuse Directive To The Market

CESR is continuing in its efforts to prepare ground for convergent implementation and application of the Market Abuse regime by ensuring that a common approach to the operation of the Directive takes place throughout the EU amongst supervisors.

This set of guidance will be published for European–wide consultation in two steps: A first consultation paper will cover the topics on insider lists and STRs and will be published for consultation over summer and a second consultation paper dealing with the topics on stabilization and the notion of inside information shall be published later this year.

Interested parties are welcome to submit their comments to the draft guidance set out in this paper and send their responses via CESR's website (www.cesr.eu) under section "Consultations". The consultation closes on 30 September 2008.