Traduction de «instrument financier de l'ue » (Français → Anglais) :

The competent authority, in whose jurisdiction the suspension or removal originated, shall require that regulated markets, other MTFs, other OTFs and systematic internalisers, which fall under its jurisdiction and trade the same financial instrument or derivatives referred to in points (4) to (10) of Section C of Annex I to this Directive that relate or are referenced to that financial instrument, also suspend or remove that financial instrument or derivatives from trading, where the suspension or removal is due to suspected market abuse, a take-over bid or the non-disclosure ...[+++] of inside information about the issuer or financial instrument infringing Articles 7 and 17 of Regulation (EU) No 596/2014 except where such suspension or removal could cause significant damage to the investors’ interests or the orderly functioning of the market.

In order to ensure that the obligation to suspend or remove from trading such derivatives is applied proportionately, ESMA shall develop draft regulatory technical standards to further specify the cases in which the connection between a derivative as referred to in points (4) to (10) of Section C of Annex I relating or referenced to a financial instrument suspended or removed from trading and the original financial instrument implies that the derivative is also to be suspended or removed from trading, in order to achieve the objective of the suspension or removal of the underlying financial ...[+++] instrument.

‘Inside information’ is defined as information which (i) is of a precise nature, (ii) has not been made public, (iii) relates, directly or indirectly, to one or more financial instruments or their issuers and (iv) if it were made public, would be likely to have a significant effect on the prices of those financial instruments or on the price of related derivative financial instruments.

The proposal extends the scope of existing EU legislation to financial instruments only traded on multilateral trading facilities (MTFs), other organised trading facilities (OTFs) and OTC so that trading on all platforms and of all financial instruments which can impact them will now be covered by market abuse legislation.

Most delegations agreed with the proposal to simplify the structure given to Heading 4 ("the EU as a global partner") of the EU budget, which provides for six financial instruments for external relations; Delegations in general agreed with the proposed scope of the three geographic financing instruments for external relations, although many did not agree with the proposed inclusion of the European Development Fund in the EU budget; Many delegations considered that the proposed new financing instruments for external relations would allow the Council adequate political control, although a number highlighted condition ...[+++]s to be respected and emphasised the role to be played by the Member States; Many delegations were favourable to the proposed scope of the "instrument for stability", whilst emphasising the need to clarify the delimitation of competences of the Commission and the Council.

Recommendations are made under three headings: (i) measures to refocus the available financial instruments on the political priorities identified at the Lisbon European Council (ii) measures to improve the coherence and co-ordination between the various Community financial instruments and (iii) measures to enhance the visibility and accessibility of Community actions.