Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-15-Speech-2-434-135"

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"en.20111115.27.2-434-135"2
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"I welcomed this document because, in order to ensure the proper functioning of the internal market, in particular, the financial markets, and to ensure a high level of consumer and investor protection, it is appropriate to lay down a common regulatory framework with regard to the requirements and powers relating to short selling and credit default swaps and to ensure greater coordination and consistency between Member States. It is therefore proposed that the provisions should take the legislative form of a regulation in order to ensure that provisions which impose direct obligations on private parties to notify and disclose net short positions relating to certain instruments and naked short selling are applied uniformly throughout the European Union. A regulation is also necessary to confer powers on the European Securities and Markets Authority to coordinate measures by competent authorities or to take measures itself."@en1

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