The offense of insider trading (Art. L. 465-1 of the CMF) is committed when a person/entity deals, or recommends that another person do so, in securities based on information that is not publicly known and if made public, would affect the price of the securities, i.e., inside information.
More topics in this series
- Market Abuse Regulation (MAR) Overview
- Who May Be Liable for Insider Dealing Offenses
- Element: Privileged Information
- Offense of Recommending or Inducing the use of Inside Information
- Offense of Communicating Inside Information
- Offense of Disseminating False or Misleading Information
- Offense of Price Manipulation
- Offense of Index Manipulation
- Exception under MAR: Market Sounding
- Defenses
- Statutes and Official Guidance
- Insider Trading and Market Abuse Overview
- Statute of Limitations
- Exemptions under MAR: Buy Back Programs and Stabilization Measures