Enforcing the Market Abuse Regime: Towards an Integrated Model of Criminal and Administrative Law Enforcement in the European Union?

The European Union has long been an important driver for the integration of financial markets in Europe.
The goal of this article is to map how the current and future legal infrastructure  in  respect  of  the  investigation,  prosecution  and punishment  of  market abuse rules supports the central assumption of the EU legislature that, in order to offer a  comprehensive  package  in  the fight  against  market  abuse,  a  level  playing field throughout  the  EU  is  necessary.  Although  good  progress  has  been  made  with  the proposals  for  a  new regulation and  directive on market abuse,  it  is  our  opinion  that these proposals  still  do  not  sufficiently take account of the  fact  that highly  integrated financial markets also need highly integrated law enforcement structures and powers, regardless of the organizational statute of the national authorities involved (criminal or administrative).

Journal/Publisher: New Journal of European Criminal Law, 5 (2)

Co-author/s: John VERVAELE

Publication type: Article

Number of pages/Page range: 192-220

Language/s (content): English

Date of publication: 01-07-14

Personal data

Full name Michiel LUCHTMAN

Current occupation Contact Point

University/Institution Utrecht University

Address Boothstraat 6

Postal code 3512 BW

Country Netherlands

Telephone +31302537298

Email m.luchtman@uu.nl