Press releases - October 2011

Financial services: Commission requests Poland and Slovenia to implement rules for settlement systems and collateral arrangements

27/10/2011

European Commission - Press release Brussels, 27 October 2011 – The European Commission has requested Poland and Slovenia to notify within the next two months the measures they are taking to implement EU rules that strengthen the protection of settlement ...

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EU law: Commission acts to ensure that European legislation is fully and properly implemented

27/10/2011

MEMO/11/739 Brussels, 27 October 2011 BUDGET EMPLOYMENT ENTERPRISE ENVIRONMENT HOME AFFAIRS DIGITAL AGENDA JUSTICE INTERNAL MARKET TRANSPORT HEALTH & CONSUMERS TAX & CUSTOMS AT 1246 1283 BE 1264 1282 1252 BG 1276 CY 1277 CZ 1245 DE 1247 1248 1283 DK 1264 ...

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Services Directive: the Commission refers Germany, Austria and Greece to the Court over incomplete transposition of the Directive

27/10/2011

European Commission - Press release Brussels, 27October 2011 – The Commission has decided to refer Austria, Germany and Greece to the Court of Justice, and to ask the Court to impose penalty payments on these Member States, on the ground that they have ...

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Internal Market: Commission requests Belgium to cut administrative burden on SMEs

27/10/2011

European Commission - Press release Brussels, 27 October 2011 - The European Commission has requested Belgium to reduce administrative burdens on small and medium sized companies (SMEs) by complying with their obligation to fully implement Directive 2009/49/EC ...

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Public procurement: Commission requests Greece to ensure fair access to public contracts for software services

27/10/2011

European Commission - Press release Brussels, 27 October 2011 - The European Commission has requested Greece to ensure full compliance with EU rules on public procurement as regards the purchase of an information system for the Social Security Foundation ...

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Statement from EU Commissioner for Internal Market and Financial services, Michel Barnier and EU Commissioner for Development, Andris Piebalgs

25/10/2011

MEMO/11/738 Brussels, 25 October 2011 "During the African Union Summit with African Ministers of Finance last January in Addis Ababa, we committed to lead on the fight for more transparency of European extractive and forestry industries active in Africa. ...

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Getting tough on insider dealing and market manipulation

20/10/2011

European Commission - Press release Brussels, 20 October 2011 - In recent years financial markets have become increasingly global, giving rise to new trading platforms and technologies. This unfortunately has also led to new possibilities to manipulate ...

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Review of the Markets in Financial Instruments Directive (MiFID) and Proposals for a Regulation on Market Abuse and for a Directive on Criminal Sanctions for Market Abuse: Frequently Aske...

20/10/2011

MEMO/11/719 Brussels, 20 October 2011 General Why is the Commission taking action to enhance oversight of the carbon market? The lion's share of transactions in emission allowances are in the form of derivatives (futures, forwards, options), which are ...

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Review of the Markets in Financial Instruments Directive (MiFID): Frequently Asked Questions

20/10/2011

MEMO/11/716 Brussels, 20 October 2011 1. What is MiFID? MiFID is the Markets in Financial Instruments Directive (Directive 2004/39/EC 1 ). It replaces the Investment Services Directive (ISD) which was adopted in 1993....

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Proposals for a Regulation on Market Abuse and for a Directive on Criminal Sanctions for Market Abuse: Frequently Asked Questions

20/10/2011

MEMO/11/715 Brussels, 20 October 2011 1. What is market abuse and how is it currently regulated? Adopted in early 2003, the Market Abuse Directive (MAD) 1 has introduced a comprehensive framework to tackle insider dealing and market manipulation practices, ...

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New rules for more efficient, resilient and transparent financial markets in Europe

20/10/2011

European Commission - Press release Brussels, 20 October 2011 - In recent years, financial markets have changed enormously. New trading venues and products have come onto the scene and technological developments such as high frequency trading have altered ...

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European Commission seeks criminal sanctions for insider dealing and market manipulation to improve deterrence and market integrity

20/10/2011

European Commission - Press release Brussels, 20 October 2011 – Investors who trade on insider information and manipulate markets by spreading false or misleading information can currently avoid sanctions by taking advantage of differences in law between ...

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Commissioner Michel Barnier welcomes trilogue agreement by Council and Parliament on new rules for short selling and Credit Default Swaps

19/10/2011

MEMO/11/712 Brussels, 19 October 2011 "Last night's agreement by the European Parliament and the Council represents a significant step towards greater transparency, stability and responsibility in short selling transactions and sovereign Credit Default ...

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Regulation on Short Selling and Credit Default Swaps - Frequently asked questions

19/10/2011

MEMO/11/713 Brussels, 19 October 2011 What is short selling? Short selling is the sale of a security that the seller does not own, with the intention of buying back an identical security at a later point in time in order to be able to deliver the security. ...

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Recommendations on the future of the outermost regions and the single market

12/10/2011

European Commission - Press release Brussels, 12 October 2011 - Integrating the Outermost Regions 1 (OR) of the European Union into the single market by making better use of their assets with a view to attaining the objectives of the 2020 Strategy: this ...

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Innovation Union: achievements in the first year

06/10/2011

October 6th 2011 marks the first anniversary of the Innovation Union (IU) flagship initiative, one of the cornerstones of the Europe 2020 strategy for growth and jobs. Over the course of the past year a number of key milestones have been reached. A comprehensive progress report will be published by the end of November.

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