Commission Directive 2003/124/EC of 22 December 2003 implementing Directive 2003/6/EC of the European Parliament and of the Council as regards the definition and public disclosure of inside information and the definition of market manipulation (Text with EEA relevance)
- No longer in force
- CELEX number: 32003L0124
- Official Journal: JOL_2003_339_R_0070_01
- Form: Directive
- Procedure number: --
- Languages:
- bg
- cs
- da
- de
- el
- en
- et
- fi
- fr
- hr
- hu
- it
- lv
- lt
- mt
- nl
- pl
- pt
- ro
- sk
- sl
- es
- sv
Dates
Date of document: - December 22, 2003
- December 24, 2003
- December 24, 2003
- Entry into force - Date pub. See Art 7
- October 12, 2004
- At the latest See Art 6.1
- July 2, 2016
- Repealed by 32014R0596
Modifies
Affected by case
- Judgment of the Court (Second Chamber), 28 June 2012. Markus Geltl v Daimler AG. Reference for a preliminary ruling from the Bundesgerichtshof. Directives 2003/6/EC and 2003/124/EC — Inside information — Notion of ‘precise information’ — Intermediate steps in a protracted process — Reference to circumstances or an event which may reasonably be expected to come into existence or occur — Interpretation of the wording ‘may reasonably be expected’ — Public disclosure of information relating to change of a manager of a company. Case C-19/11.
- A01
- A01P1
- Judgment of the Court (Second Chamber) of 11 March 2015. Jean-Bernard Lafonta v Autorité des marchés financiers. Request for a preliminary ruling from the Cour de cassation. Reference for a preliminary ruling — Approximation of laws — Directive 2003/6/EC — Article 1, point (1) — Directive 2003/124/EC — Article 1(1) — Inside information — Concept of ‘information of a precise nature’ — Potential effect in a particular direction on the prices of financial instruments. Case C-628/13.
- A01P1
- Judgment of the Court (Grand Chamber) of 15 March 2022. M. A v Autorité des marchés financiers. Request for a preliminary ruling from the Cour d'appel de Paris. Reference for a preliminary ruling – Single Market for financial services – Market abuse – Directives 2003/6/EC and 2003/124/EC – ‘Inside information’ – Concept – Information ‘of a precise nature’ – Information relating to the forthcoming publication of a press article reporting a market rumour about an issuer of financial instruments – Unlawfulness of the disclosure of inside information – Exceptions – Regulation (EU) No 596/2014 – Article 10 – Disclosure of inside information in the normal exercise of a profession – Article 21 – Disclosure of inside information for the purpose of journalism – Freedom of the press and freedom of expression – Disclosure by a journalist, to a usual source, of information relating to the forthcoming publication of a press article. Case C-302/20.
- A01P1
- Case C-302/20: Request for a preliminary ruling from the Cour d’appel de Paris (France) lodged on 9 July 2020 — A. — Other party: Autorité des marchés financiers
- article 1 paragraph 1
EuroVoc Vocabulary
- Internal market - Principles
- Financial instrument
- Stock exchanges and other securities markets
- Confidentiality
- Approximation of laws
- Freedom of establishment
- Capital market
- Dissemination of information
- Insider trading