Regulatory Alerts2020-10-07 | 180/04Order on Insider Dealing, Unlawful Disclosure of Inside Information and Market Manipulation
The Governor of the National Bank of Georgia issued Order N180/04 to establish a regulatory framework prohibiting insider dealing, unlawful disclosure of inside information, and market manipulation. The rule mandates that stock exchanges and market intermediaries implement monitoring procedures and submit immediate notifications of suspicious transactions to the regulator. It further defines legitimate behaviors, sets strict requirements for market soundings and public disclosure of inside information, and outlines specific prohibitions against market manipulation tactics.
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