Sunday, July 3, 2016

Effective directive against manipulation and fraud in the stock market – Polish Radio

The document envisages, among other things extension of the provisions on market abuse, for example, the abuse of alternative trading systems, otherwise applies to confidential information.


 

After the introduction of new solutions significantly increase penalties for violation of disclosure obligations. They will be put on the company and managers.
President of the Stock Exchange Professor Malgorzata Zaleska said recently that it is one of the most important EU regulations for reporting confidential information since the Polish entry into the European Union. This applies markets: regulated and alternative.
accordance with Regulation MAR, across the European Union will apply the common definitions of offenses market, such as the use of confidential information, the unauthorized disclosure of information and market manipulation. They will apply a uniform criminal penalties, including fines and imprisonment for insider dealing and market manipulation and the unauthorized disclosure of confidential information.

IAR abo

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