Version date: 12 June 2014 - onwards
    Version 1 of 1    

Recitals

THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty on the Functioning of the European Union, and in particular Article 83(2) thereof,

Having regard to the proposal from the European Commission,

After transmission of the draft legislative act to the national parliaments,

Having regard to the opinion of the European Central Bank [OJ C 161, 7.6.2012, p. 3.],

Having regard to the opinion of the European Economic and Social Committee [OJ C 181, 21.6.2012, p. 64.],

Acting in accordance with the ordinary legislative procedure [Position of the European Parliament of 4 February 2014 (not yet published in the Official Journal) and decision of the Council of 14 April 2014.],

Whereas:

(1) An integrated and efficient financial market and stronger investor confidence requires market integrity. The smooth functioning of securities markets and public confidence in markets are prerequisites for economic growth and wealth. Market abuse harms the integrity of finan