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2 REMIT fines issued

The last days have seen 2 new REMIT fines issued:

  • A fine of 400,000 DKK (approx 43,000 EUR) in Denmark for insider trading and failing to disclose Inside Information (see here on MSN in Danish).
  • A fine of 7,500,000 NOK (approx 639,000 EUR) in Norway also for insider trading and market manipulation after failing to disclose improper bids (see here for the regulatory press release in Norwegian).

In both cases, the activity was inadvertent.

We will be publishing a “catch up” post on other items later this week.

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