European Institute of Management and Finance | MAD II and MAR
19706
page-template-default,page,page-id-19706,ajax_fade,page_not_loaded,,qode-child-theme-ver-1.0.0,qode-theme-ver-6.7,wpb-js-composer js-comp-ver-4.12,vc_responsive

MAD II and MAR

The new European regulatory framework on Market Abuse (MAD II and MAR) (CPD)

With Dr Christina Livada

Introduction

 Directive 2003/6/EC of the European Parliament and of the Council, known as “MAD”, completed and updated the Union’s legal framework to protect market integrity. However, given the legislative, market and technological developments since the entry into force of that Directive, which have resulted in considerable changes to the financial landscape, that Directive was replaced by two new legal acts, the Market Abuse Regulation (MAR) and the new Market Abuse Directive (MAD II).

The goal of the new regulatory framework is:

  • to establish a more uniform and stronger framework in order to preserve market integrity,
  • to avoid potential regulatory arbitrage,
  • to ensure accountability in the event of attempted manipulation, and
  • to provide more legal certainty and less regulatory complexity for market participants.

The new rules on market abuse update and strengthen the existing framework to ensure market integrity and investor protection provided by the existing MAD. More specifically, the MAR:

  • ensures regulation keeps pace with market developmentssuch as the growth of new trading platforms, over the counter (OTC) trading and new technology such as high frequency trading,
  • strengthens the fight against market abuse across commodity and related derivative markets,
  • explicitly bans the manipulation of benchmarks (such as LIBOR), and
  • reinforces the investigative and administrative sanctioning powers of regulators.[/vc_column_text]

The Directive on criminal sanctions for market abuse complements the Market Abuse Regulation by requiring all Member States to provide for harmonised criminal offences of insider dealing and market manipulation, and to impose maximum criminal penalties.

 

Purpose of the seminar

The understanding of what constitutes market abuse as well as of the new requirements in order to be able comply efficiently with the new regulatory framework.

For this purpose, the objective of the seminar is to:

  • review in a systematic way the new legal framework, and to
  • examine the relevant case law up to now.


 Expected learning outcomes

The expected learning outcomes of the seminar relate to the following:

  • Acquisition of special knowledge on the legislative requirements in the field of market abuse
  • Ability to distinguish between market abuse and usual transactional activity
  • Understanding of the obligations to prevent market abuse
  • Acquisition of an educational profile harmonized with the specified certificate standards applicable to the capital markets personnel

Knowledge efficiency and readiness based on the relevant certification requirements as applicable under the financial regulations.

 

Who should attend the Seminar

Compliance officers, lawyers, investment services providers

 

DATE: 15 September

DURATION: 6 Hours

LOCATION: EIMF Premises, Nicosia

TIME: 09:00 - 15:30

FEES: €145+ VAT

Course Brochure

Download Course Brochure

Registration Form

Download Registration Form

You can register by sending the completed registration form above to info@eimf.eu or via fax to 2227 4475. If you need help completing the form, please give us a call at 2227 4470

In-House Training

If you would like to discuss bringing this or another topic to your organization on an in-house basis please call us at 22274470 or email us at info@eimf.eu.

Trainer: 

Dr Christina K. Livada, Lecturer of Commercial Law, Special Legal Advisor of the Hellenic Association of Banking and Capital Markets

Dr Christina Livada is a Lecturer of commercial law at the Faculty of Law of the National and Kapodistrian University of Athens. Her main fields of specialization are company law, public and private banking and capital markets law, as well as consumer protection law. She is the author of several books and articles in the abovementioned fields. Christina Livada is working for the last fifteen years at the Hellenic Bank Association as a Special Legal Advisor (currently on a part-time basis), responsible for the regulatory issues pertaining to banking, capital markets and consumer protection law. She is a member of the corporate governance Working Group of the Hellenic Corporate Governance Council for the review of the Greek Corporate Governance Code. She is also member of the Hellenic Association of Banking and Capital Markets Law and responsible for the content of the scientific Review Financial Law.

 

She obtained her PhD from the Faculty of Law of the National and Kapodistrian University of Athens in 2004. In 1996, she obtained her D.E.A. in International Law (International Private Law and Commercial Law) from the Panthéon-Assas University (Paris II). In 2000 she was awarded a research scholarship from the Swiss Institute of Comparative Law in Lausanne. In 1995 she completed her undergraduate studies at the Faculty of Law of the National and Kapodistrian University of Athens.