Act 2011 status not recorded

Law No. 160 of 17 August 2011, Prohibition of Exploitation of Inside Non Public Information when Trading in the Capital Markets

Issued by Capital Markets Authority

Summary

Bars insiders, and anyone who obtained inside information through their work, from trading on it, passing it to third parties or advising others to trade on it. Penalties are one to three years' imprisonment and a fine of two to ten times the gain realised, and a court may bar the offender from their profession. It takes effect on publication in the Official Gazette.

Topics: Market Integrity & Securities Fraud Risk

Who it applies to

Capital Markets · Corporates (Listed)

Official source

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