Article L462-2 of the French Monetary and Financial Code
Article L. 245-2 of the French Commercial Code sets out the penalties for advertising subscriptions to securities.
Home | French Legislation Articles | French Monetary and Financial Code | Legislative part | Book IV: Markets | Title VI: Criminal provisions
Article L. 245-2 of the French Commercial Code sets out the penalties for advertising subscriptions to securities.
Subject to the provisions of Article 226-14 of the French Criminal Code, any manager, employee or agent of a clearing house is liable to the penalties provided for in Article 226-13 of the French Criminal Code for violating the professional secrecy established in Article L. 440-4 .
Subject to the provisions of Article 226-14 of the French Criminal Code, the penalties provided for in Article 226-13 of the French Criminal Code shall apply if the members of the administrative, management and supervisory bodies, managers, employees or agents of market undertakings violate the professional secrecy established in Article L. 421-8.
I. – A. – The following offences are punishable by five years’ imprisonment and a fine of 100 million euros, which may be increased up to ten times the amount of the advantage gained from the offence, provided that the fine is not less than the amount of the advantage gained: by the chief executive officer, the chairman, a member of the management board, the managing director, a member of…
I. – The penalties provided for in A of I of Article L. 465-1 shall apply if any of the persons referred to in the same Article L. 465-1 recommends that one or more transactions be carried out on the financial instruments to which the inside information relates or encourages such transactions to be carried out on the basis of this inside information. II. – The offence provided for in…
I. – The penalties provided for in A of I of Article L. 465-1 shall be punishable by the penalties provided for in A of I of Article L. 465-1 if a person in possession of inside information concerning an issuer in which he or she holds the position of chief executive officer, chairman, member of the management board, manager, member of the board of directors, member of the supervisory…
I. – A. – The penalties provided for in A of I of Article L. 465-1 shall apply to any person who carries out a transaction, places an order or behaves in such a way as to give, or be likely to give, misleading indications as to the supply, demand or price of a financial instrument or who fixes, or is likely to fix, the price of a financial instrument…
I. – Any person who, by any means, disseminates information that gives false or misleading information about the situation or prospects of an issuer or about the supply, demand or price of a financial instrument or that sets or is likely to set the price of a financial instrument at an abnormal or artificial level shall be liable to the penalties provided for in A of I of Article L….
I. – The penalties provided for in A of I of Article L. 465-1 shall apply to any person who: 1° Provide or transmit false or misleading data or information used to calculate a benchmark index or information likely to distort the price of a financial instrument or an asset to which such an index is linked ; 2° Engaging in any other behaviour that results in the manipulation of…
I. – This section applies to 1° to financial instruments traded on a trading venue or for which a request for admission to trading on a trading venue has been submitted ; 2° Financial instruments other than those referred to in 1° whose price or value depends on the price or value of a financial instrument referred to in 1° or whose price or value has an effect on the…
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Resources
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Useful links
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.
All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.