Part I of this Note examines the EEC's plan to establish a unified European capital market by 1992 and introduces the proposed directive. Part II discusses the current status of insider trading regulations in the Member States and focuses primarily on legislation in France and the United Kingdom. Part III analyzes the proposed directive and provides a brief comparison to the current U.S. regulatory framework. This Note concludes that the Commission's proposed directive provides a workable framework for formulating uniform regulations. However, if the ban on insider trading in the Community is to be effective, the proposal will have to mandate stronger mechanisms for enforcement.
Christine A. McGuinness,
Toward the Unification of European Capital Markets: The EEC's Proposed Directive on Insider Trading,
11 Fordham Int'l L.J. 432
Available at: http://ir.lawnet.fordham.edu/ilj/vol11/iss2/6