Internal Code of Conduct relating to Securities Markets
- Internal Code of Conduct
The Code of Conduct regulates matters relating to the securities markets in connection with securities dealings and their limitations, treatment of insider dealings and material information, conflicts of interest, treasury stock transactions and internal supervision processes for the compliance with the provisions of this Code of Conduct.
The new Code has been approved by the Board of Directors in the session held on April 21, 2016 (amended as of June 24, 2016), and it replaces the former one in force since 2010. The Code is adapted to the revised text of the Securities Market Law and Regulation (EU) No 596/2014 of the European Parliament and of the Council, of 16 April 2014, on market abuse.
NOTE: This new Code has to be read jointly with the Regulation (EU) No 596/2014 of the European Parliament and of the Council, of 16 April 2014, on market abuse, that will come into force on July 3, 2016.