Brussels, 27/01/2011 (Agence Europe) - Quizzed on Thursday 27 January about the French presidency of the G20's priorities set out by the French President Nicolas Sarkozy that same day at the World Economic Forum at Davos (see EUROPE 10300), EU Internal Market Commissioner Michel Barnier said that it had been decided to take action at EU level to stem the volatility of commodity prices. He listed the plans at EU level to ensure greater transparency on the commodity and raw materials markets, with a draft regulation to make it compulsory for all standardised commodity futures to be traded on regulated markets (see EUROPE 10215); - for fraud detected on the commodity markets to be covered by the EU market abuse Directive 2003/6/EC that is about to be revised; - and for the public consultation currently under way about revising the MiFID Directive 2004/39/EC on financial instruments to clearly raise the question of restricting holdings of commodity futures (see EUROPE 10273). Barnier said he did not see why the United States should be keener than the EU when it comes to knowing who's doing what on the commodity markets. (M.B./transl.fl)