Market Abuse Level 2
Level 2

This section includes an archive of all the work carried out by CESR to provide technical advice in a Level 2 capacity, the European Commission during the development of the MAD Directive. Further work undertaken to ensure convergent implement of the Directive has been undertaken by CESR Pol.the ‘accepted market practices’ regime, the co-ordination of cross-border investigations and the enhancement of co-operation.

To see the work on Level 3 of the MAD, please go to the page for the CESR-Pol operational group.

30 Apr. 2004
Commission directive 2004/72/EC of 29 April 2004 implementing Directive 2003/6/EC of the European Parliament and of the Council as regards accepted market practices
[72/2004/EC]
 
 
24 Dec. 2003
Commission Directive 2003/125/EC on the the fair presentation of investment recommendations and the disclosure of conflicts of interest
[125/2003/EC]
 
 
24 Dec. 2003
Commission Directive 2003/124/EC on Market Abuse
[124/2003/EC]
 
 
23 Dec. 2003
Commission Regulation (EC) No 2273/2003 on Market Abuse
[2273/2003/EC]
 
 
03 Sep. 2003
CESR's Advice on the Second Set of Implementing Measures for the Market Abuse Directive - Feedback Statement
[03-213b]