The Amsterdam Exchanges NV is proposing to tighten up its rules to prevent insider trading.
There will be full consultation with all companies listed on the bourse and other interested parties after which the Exchange will amend its Code of Conduct to reflect their views.
The proposed new code includes extending the current definition of who is an insider (named as executive and supervisory board members in the existing code) to incorporate "designated employees and designated third parties".
The new code will add extra weight to the legal prohibition on insider trading effectively tackling the problem at the grass root level.
For further information on the Amsterdam Exchanges NV, please contact; Thom Hoedemakers, Director of Communications, Amsterdam Exchanges NV, Buersplein 5, 1012 JW Amsterdam, Netherlands, Tel: +31 20 523 4014, Fax: +31 20 523 4950, or enter text search 'Amsterdam Exchanges NV' and 'Business Monitor'.
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23 February 1996