Skip to main content

Clifford Chance

Briefings

The reform of the criminal code: market abuse and corruption. new compliance risks

21 February 2019

Following several requests from the European Union, LO 1/2019, of 20 February, was approved, transposing a variety of Community Directives, including particularly significant ones on
market abuse -manipulation of information and transactionsand the fight against fraud that affects the financial interests of the European Union, as well as issues pertaining to traffic in
organs and terrorism.
As we indicate below, in a summarised analysis of the main new developments affecting financial markets and corruption, this will have to lead to significant changes in compliance programmes as the legislator has modified the risks to be prevented, particularly in relation to markets and embezzlement of public funds, an offence for which legal entities can now be held liable.

Download File

The reform of the criminal code: market abuse and corruption. new compliance risks

Download PDF (210Kb | English)