Letter from the Governor of the Bank of
England to the Chairman
MARKET ABUSE DIRECTIVE DISCLOSURE REGIME
AND EMERGENCY LIQUIDITY SUPPORT
In evidence given to the Treasury Committee
on 18 December 2007, I answered a question from Mr Brady about
the legal advice we received on the Market Abuse Directive [Q
1652]. I said that I would be wiling to share that advice with
the Committee but that I would need to explore whether I could
do so or whether the advice continued to be subject to legal professional
privilege. I have now checked and the advice does remain subject
to legal privilege. I attach instead a note on behalf of the Tripartite
Authorities on the Market Abuse Directive Disclosure Regime and
Emergency Liquidity Support, that I hope the committee will find
useful.
Mervyn King,
Governor of the Bank of England
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