New EU Securities Proposals Would Clean Up Dark Markets

Law360, New York (October 20, 2011, 1:42 PM EDT) -- The European Commission on Thursday announced two proposals aimed at tightening regulation of European Union securities trading in an effort to match U.S. efforts to reduce uncertainty in the so-called dark markets that enabled the 2008 financial crisis.

The commission tabled the two proposals — a directive and a regulation that would work in tandem — to revise the Markets in Financial Instruments Directive with the goal of making the financial markets more efficient, resilient and transparent, strengthening investor protection.

“Financial markets are there to serve...
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