Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-26-Speech-5-259-000"
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"en.20121026.23.5-259-000"2
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".
I voted in favour of this report because strengthening transparency is one of the shared principles that needs to be implemented to strengthen the financial system, as confirmed by the G20 Leaders’ Statement in London on 2 April 2009. In order to strengthen the transparency and improve the functioning of the internal market for financial instruments, a new framework establishing uniform requirements for the transparency of transactions in markets for financial instruments should be put in place. The framework should establish comprehensive rules for a broad range of financial instruments. The adoption of a regulation ensuring direct applicability is best suited to accomplish those regulatory goals and ensure uniform conditions by preventing diverging national requirements as a result of the transposition of a directive. This framework should complement requirements for the transparency of orders and transactions in respect of shares established in Directive 2004/39/EC of the European Parliament and the Council of 21 April 2004 on markets in financial instruments."@en1
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