Brussels, 11/06/2001 (Agence Europe) - The Federation of European Stock Exchanges (FESE) announced its opposition to the proposals for a European Commission Directive on market abuse and the European prospectus (see EUROPE of 31 May, -p.8). Paul Arlam, Secretary General of the FESE, feels that the Directive on market abuse involves a transfer of power towards the new regulator committees at the loss of the national authorities. The FESE, which foresees a confrontation between, on the one...