There is provision for cooperation and assistance between the competent authorities of the EU States for the purpose of the market abuse regulations.\u00a0 They are obliged to exchange information.\u00a0 There are limited grounds for refusal.\u00a0 There are provisions designed to restrict the use of information supplied.\u00a0 Information may be given subject to agreement that it is used only for the purpose of the authority\u2019s functions under relevant community acts.<\/p>\n
The Bank must give notice to the competent authority of another State,, if it believes that acts contrary to the relevant EU legislation are being undertaken within its territory or the acts are affecting financial instruments traded on a regulated market in its State.<\/p>\n
On receipt of the information on an internal complaint, the Bank is to take appropriate action and inform the competent authority of the outcome and any significant interim developments.<\/p>\n
The Bank may refuse to initiate an investigation or permit the personnel of another competent authority to accompany its personnel where it might affect the sovereignty, security or public policy of the State; judicial proceedings already in being or the final judgment of the court has been delivered in relation to the matter. Grounds of refusal of cooperation above must be notified.<\/p>\n\n
\n <\/div>\n\n","protected":false},"excerpt":{"rendered":"
Market Abuse Regulation The Market Abuse Regulations are part of a package of EU financial services regulations which came into force in 2005.\u00a0 The other principal regulations were the Prospectus Regulations and the Transparency Regulations.\u00a0 Each was based on a 2003 Directive. For the purpose of the Regulations, financial instrument refers to transferable securities, money-market […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[133],"tags":[],"_links":{"self":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/10070"}],"collection":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/comments?post=10070"}],"version-history":[{"count":3,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/10070\/revisions"}],"predecessor-version":[{"id":32586,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/10070\/revisions\/32586"}],"wp:attachment":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/media?parent=10070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/categories?post=10070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/tags?post=10070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}