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Europe Daily Bulletin No. 10476

19 October 2011
GENERAL NEWS / (ae) eu/finance
Legal penalties for insider dealing

Brussels, 18/10/2011 (Agence Europe) - On Thursday 16 October 2011, the European Commission will publish draft legal penalties for insider dealing and price-fixing. The legislation will be part of an update of the MiFID rules (see EUROPE 10456) and amend EU Directive 2003/6/EC on insider dealing itself and encouraging such behaviour. A European source explained that this was the first time that EU legislation will force member states to make the most serious cases a crime. There is no law in...

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