VENICE - Although implementation of the market abuse directive (MAD) must happen on a national level, there is still resistance from some market players who continue to disseminate collateral information on a selective basis. Participants made these comments in the Recent EU Directives: Market Abuse, Prospectus and Transparency panel at the European Securitization Forum third annual conference held here last week.

When the directive was released, market participants focused on issues like investor reports, which, in the past, had only been available via password-protected access. "We have had two meetings where we discussed the possibility of putting in place the best practices and making this information available on a broader basis," said a panelist.

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