Directive 2014/57/EU
Key Facts
In accordance with CSMAD sanctions within all EU member states will have equal minimums of severity; Insider dealing will garner a fine and imprisonment of four years and two years for disclosure of inside information; and any legal entity (person or company) can and will be held liable for market abuse.
Additional Information
Full Text
Who it affects
Entities that do business within the European Union. Denmark and the UK are exempt from CSMAD because of their preexisting national regulations.
Wikipedia Entry
http://www.marketsreformwiki.com/mktreformwiki/index.php/ESMA_Regulation_-_Market_Abuse_Directive_II/Market_Abuse_Regulation