CESR issues insider trading advice.
* What constitutes inside information under the law? CESR explains, for instance, what is meant by 'information likely to have a significant price affect'; and says when and how information should stay private or be released.
* When is it legitimate to delay disclosure of inside information? CESR gives guidance on scenarios involving confidentiality constraints, product development and impending developments.
* When are client orders inside information? Are pending orders inside information?
* Recognising insider lists in multi-jurisdiction deals--CESR suggests mutual recognition rules for competent authorities.
CESR wants comments on this guidance by February 2 (2007). * http://www.cesr.eu/index.php?page=consultation&mac=0&id=
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|Publication:||International News Services.com|
|Date:||Nov 1, 2006|
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