Court of Justice of the European Union
*A v Autorité des marchés financiers
(Case C‑302/20)
EU:C:2021:747
EU:C:2022:190
2021 June 22; Sept 16; 2022 March 15
President K Lenaerts,
Vice-President L Bay Larsen,
Presidents of Chambers A Arabadjiev, A Prechal, K Jürimäe, C Lycourgos, N Jääskinen, I Ziemele, J Passer
Judges J-C Bonichot, T von Danwitz, M Safjan, F Biltgen, A Kumin, N Wahl
Advocate General J Kokott
CompanyInsider dealingDisclosure of inside informationJournalist informing two of his journalistic sources about forthcoming publication of articles reporting on rumours of takeover bidsWhether journalist making unlawful disclosure of inside informationWhether information disclosed “of a precise nature” so as to amount to “inside information”Whether disclosure lawfulWhether disclosure made “in the normal exercise of … a profession” or “for the purpose of journalism” Charter of Fundamental Rights of the European Union , art 11[1] Parliament and Council Directive 2003/6/EC, art 1[2] Commission Directive 2003/124/EC, art 1[3] Parliament and Council Regulation (EU) No 596/2014, arts 10, 21[4]

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