Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-26-Speech-5-250-500"
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"en.20121026.23.5-250-500"2
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".
Markus Ferber presents us with a report on the proposal for a directive of the European Parliament and of the Council on markets in financial instruments, repealing Directive 2004/39/EC of the EP and the Council (recast). The proposed recasting aims to ensure greater transparency, by introducing some additional changes to address the weaknesses exposed by the current financial crisis. Considering that, according to the opinion of the Consultative Working Party of the Legal Services of the European Parliament, the Council and the Commission, which has been adopted by common accord, the proposal ‘does not include any substantive amendments other than those identified as such in the proposal and whereas, as regards the codification of the unchanged provisions of the earlier acts together with those amendments, the proposal contains a straightforward codification of the existing texts, without any change in their substance’, I voted in favour of it, conscious of the fact that the implementation of this directive will result in a significant improvement in the functioning of markets in financial instruments, in particular by increasing transparency, reinforcing confidence and better protecting investors."@en1
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