Markets

30 December 2016

Press release 16/48

The Law of 23 December 2016 on market abuse, published in Mémorial A No 279 on 27 December 2016 and repealing the Law of 9 May 2006 on market abuse, will enter into force three clear days after its publication.

The Law of 23 December 2016 on market abuse supplements and clarifies the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse notably by specifying the powers of the CSSF, the procedure for cooperation with foreign competent authorities and supervisory authorities, as well as the administrative and criminal sanctions applicable in the context of market abuse. Furthermore, the law specifies the mechanisms to enable reporting of actual or potential infringements of the Regulation (EU) No 596/2014 to the CSSF.

Documentation regarding the market abuse framework is available on the CSSF website (section: Market abuse).

Further questions relating to the Law of 23 December 2016 on market abuse may be submitted to the following address: market.abuse@cssf.lu.