Local view for "http://purl.org/linkedpolitics/eu/plenary/2014-02-04-Speech-2-288-500"

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"en.20140204.43.2-288-500"2
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"This directive updates the 2003 Market Abuse Directive by introducing maximum jail sentences of at least four years for market abuse, such as insider dealing, market manipulation and unlawful disclosure of information. It complements the regulation adopted last year which imposed large fines on companies involved in such practices. It should be noted that while the UK already imposes more severe criminal sanctions than required by the proposal, it has an opt-out on this legislation under Protocol 21. Nevertheless, as many Member States have hitherto imposed less severe penalties in this area, I voted in favour of the report to reduce the number of cases of market abusers taking advantage of lax jurisdictions."@en1
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