Tag Archives: confidential information

Interpretation of MiFID I: ECJ preliminary ruling confirms information given to supervisory authorities by authorised firms can lose its confidential status after 5 years

Judgment by the European Court of Justice (ECJ) in the case of Bundesanstalt für Finanzdienstleistungsaufsicht v Baumeister (Case C-15/16) (19 June 2018)  has confirmed that not all information held in the file of a financial supervision authority (competent authority (CA)) … Continue reading

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Filed under Announcements, EU, Sector Updates by Herbert Smith Freehills, UK Regulations

Australia: ASIC focus on briefing of sell-side analysts, may seek product intervention powers

In a speech to the G100 held in Aust this week, ASIC Commissioner Price provided a short update on topics of ASIC focus.  These include:

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Australia: When and how ASIC gives your information to others

While the Australian Securities and Investments Commission (ASIC) has the power to commence its own proceedings, it is also able to assist private litigants (or those contemplating litigation) by disclosing to them information within its possession.  ASIC’s recently published Information … Continue reading

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Filed under Australia