EFJ Warns of Chilling Effect of Market Abuse Law on Press Freedom

The European Federation of Journalists (EFJ) has warned of the chilling effect of recent draft laws on regulating insider dealing and market abuses and demanded legislators to guarantee editorial freedom for journalists reporting on financial issues.


In a joint letter signed by the EFJ, European Newspapers Publishers (ENPA) and European Magazine Media Association (EMMA), the group told Ms. Mary Lawless, the Permanent Representation of Ireland to the EU  to provide clear legal certainties for journalists in the draft laws (Directive 2003/6/EC).


In a separate letter sent to Ms. Maria Teresa Fabregas Fernandez, the head of the unit responsible for securities market at the European Commission, the EFJ also highlighted the need to ensure that self-regulation, ethical codes and codes of conduct which have been developed by the journalistic profession in the different Member States are taken into account.


The Council of Ministers will discuss the draft law on Monday. The EFJ encourages its affiliates to send the letter to Ms. Mary Lawless ([email protected]) and Ms Maria Teresa Fabregas Fernandez (maria-teresa.fabregas-[email protected]). 


You can download the sample letter HERE and insert your logo and signature.