EU Securities Watchdog Looks To Expand Market Abuse Rules

Law360, London (October 4, 2019, 5:11 PM BST) -- European Union regulators could expand rules targeting market abuse to crack down on tax scams and to introduce tougher regulation for the foreign exchange market.

The European Commission, the EU’s executive arm, has asked the bloc’s top securities regulator to investigate whether its legislation prohibiting market abuse should be expanded, the European Securities and Markets Authority said Thursday.

In particular, the commission wants to know whether the market abuse rules should be applied to so-called spot contracts in the foreign exchange market. These contracts are the most basic way to trade foreign currencies and allow investors to buy and sell foreign...

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