Market abuse

Alcock, A 2002, 'Market abuse' , Company Lawyer, 23 , p. 142.

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On 1st December 2001, the Financial Services and Markets Act 2000 (‘FSMA’) came into force. One of its most controversial sections is Part VIII which gives the Financial Services Authority (‘FSA’) the power to impose civil penalties for market abuse. Despite the many doubts raised about these provisions and their as yet untested nature, the European Commission has proposed a European Directive on Market Abuse1, to extend the concept of ‘administrative sanctions’ for market abuse across the whole European Economic Area (‘EEA’). This paper looks at the issues currently raised by the UK legislation and any further problems the European legislation may bring.

Item Type: Article
Themes: Subjects / Themes > K Law > K Law (General)
Subjects outside of the University Themes
Schools: Schools > Salford Business School > Salford Business School Research Centre
Journal or Publication Title: Company Lawyer
Publisher: Sweet & Maxwell
Refereed: Yes
ISSN: 0144-1027
Depositing User: Users 29196 not found.
Date Deposited: 02 Mar 2010 12:03
Last Modified: 16 Feb 2022 09:16

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