Press Release 31 January 2012
The Central Bank of Ireland today announced that the Market Abuse delegation arrangement with the Irish Stock Exchange (ISE), which has been in place since 2005, has been unwound.
Pursuant to the Market Abuse (Directive 2003/6/EC) Regulations 2005, the Central Bank delegated certain functions and tasks to the ISE. The ending of the delegation arrangement will result in the monitoring and investigation functions, formally undertaken by the ISE, being conducted by the Markets Supervision Directorate of the Central Bank.
As part of this process the Central Bank has reviewed its Market Abuse Rules (the "Rules") and the amended Rules, which have an implementation date of 1 February 2012, can be found on its website www.centralbank.ie