P7_TA(2014)0057 Criminal sanctions for insider dealing and market manipulation ***I European Parliament legislative resolution of 4 February 2014 on the proposal for a directive of the European Parliament and of the Council on criminal sanctions for insider dealing and market manipulation (COM(2011)0654 — C7-0358/2011 — 2011/0297(COD)) P7_TC1-COD(2011)0297 Position of the European Parliament adopted at first reading on 4 February 2014 with a view to the adoption of Directive 2014/…/EU of the European Parliament and of the Council on criminal sanctions for market abuse (market abuse directive)
Date: 2014-02-04
Institutions: Committee on Civil Liberties, Justice and Home Affairs, Committee on Economic and Monetary Affairs, Committee on Legal Affairs, European Parliament
Subjects: discriminatory price, financial control, insider trading, penalty, restriction on competition, selective dissemination of information, stock-exchange transaction








C_2017093EN.01024101.xml










24.3.2017   


EN


Official Journal of the European Union


C 93/241





P7_TA(2014)0057
Criminal sanctions for insider dealing and market manipulation ***I
European Parliament legislative resolution of 4 February 2014 on the proposal for a directive of the European Parliament and of the Council on criminal sanctions for insider dealing and market manipulation (COM(2011)0654 — C7-0358/2011 — 2011/0297(COD))
(Ordinary legislative procedure: first reading)
(2017/C 093/38)

The European Parliament,






—


having regard to the Commission proposal to Parliament and the Council (COM(2011)0654), and the amended proposal (COM(2012)0420),










—


having regard to Article 294(2) and Article 83(2) of the Treaty on the Functioning of the European Union, pursuant to which the Commission submitted the proposal to Parliament (C7-0358/2011),










—


having regard to Article 294(3) of the Treaty on the Functioning of the European Union,










—


having regard to the reasoned opinion submitted, within the framework of Protocol No 2 on the application of the principles of subsidiarity and proportionality, by the German Bundesrat, asserting that the draft legislative act does not comply with the principle of subsidiarity,










—


having regard to the opinion of the European Central Bank of 22 March 2012 (1),










—


having regard to the opinion of the European Economic and Social Committee of 28 March 2012 (2),










—


having regard to the undertaking given by the Council representative by letter of 20 December 2013 to approve Parliament’s position, in accordance with Article 294(4) of the Treaty on the Functioning of the European Union,










—


having regard to Rule 55 of its Rules of Procedure,










—


having regard to the report of the Committee on Economic and Monetary Affairs and the opinions of the Committee on Civil Liberties, Justice and Home Affairs and the Committee on Legal Affairs (A7-0344/2012),












1.


Adopts its position at first reading hereinafter set out;












2.


Calls on the Commission to refer the matter to Parliament again if it intends to amend its proposal substantially or replace it with another text;












3.


Instructs its President to forward its position to the Council, the Commission and the national parliaments.






(1)  OJ C 161, 7.6.2012, p. 3.

(2)  OJ C 181, 21.6.2012, p. 64.


P7_TC1-COD(2011)0297
Position of the European Parliament adopted at first reading on 4 February 2014 with a view to the adoption of Directive 2014/…/EU of the European Parliament and of the Council on criminal sanctions for market abuse (market abuse directive)

(As an agreement was reached between Parliament and Council, Parliament's position corresponds to the final legislative act, Directive 2014/57/EU.)