A recent ruling by France’s Constitutional Court created privacy protections for investors and traders by limiting market regulator’s access to phone records during civil market-offense investigations, Bloomberg reports. Implementation will not take effect until 2019 in a measure to limit the “excessive consequences” for the Autorite des Marches Financiers, where phone records are considered a “crucial” tool to gather information on insider trading. The AMF has stated that it will “work toward an amendment of the legislation to provide more explicit guarantees without jeopardizing the goal of an effective enforcement of market offenses.”
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