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Central Bank Powers on Market Abuse
PRACTICE AREA GROUP: Financial Institutions
The Central Bank has ended the delegation arrangements with the Irish Stock Exchange in respect of certain functions under the Market Abuse (Directive 2003/6/EC) Regulations 2005 (SI 342/2005). The ending of the arrangement will mean that the monitoring and investigation functions under the Regulations will now be carried out directly by the Central Bank.
The Central Bank has also published an amended version of its Market Abuse Rules which came into effect on 1 February 2012.