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Suppress a Whistleblower in Cyprus? That's Now Up to Three Years in Jail
Cyprus has passed a new law requiring anyone aware of market
manipulation or insider trading to have a clear, legally protected route to
flag it to the country's financial regulator, with criminal penalties now
facing those who try to silence them.The legislation formally encodes the procedure for reporting
actual or suspected violations of the EU's Market Abuse Regulation - known as
MAR - to the Cyprus Securities and Exchange Commission, or CyS…
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1 Articles
Suppress a Whistleblower in Cyprus? That's Now Up to Three Years in Jail
Cyprus has passed a new law requiring anyone aware of market manipulation or insider trading to have a clear, legally protected route to flag it to the country's financial regulator, with criminal penalties now facing those who try to silence them.The legislation formally encodes the procedure for reporting actual or suspected violations of the EU's Market Abuse Regulation - known as MAR - to the Cyprus Securities and Exchange Commission, or CyS…
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