International Financial Markets Guide—Greece
Produced in partnership with Souriadakis Tsibris

The following Financial Services practice note produced in partnership with Souriadakis Tsibris provides comprehensive and up to date legal information covering:

  • International Financial Markets Guide—Greece
  • 1. Telephone taping
  • (a)(i) What are the restrictions on the taping of telephone calls to or from a person outside an organisation in relation to sales of banking or financial products or insurance services?
  • (a)(ii) When might they apply to entities conducting business cross-border?
  • (b) What are the exemptions from these requirements?
  • 2. Insider dealing
  • (a)(i) What are the insider dealing restrictions in your jurisdiction?
  • (a)(ii) When might they apply to entities conducting business cross-border?
  • (b) What are the exemptions from these requirements?
  • 3. Market manipulation
  • More...

International Financial Markets Guide—Greece

General

1. Telephone taping

(a)(i) What are the restrictions on the taping of telephone calls to or from a person outside an organisation in relation to sales of banking or financial products or insurance services?

The taping of telephone calls to or from a person outside an organisation is not permissible unless such person has provided their consent to such taping before it starts.

(a)(ii) When might they apply to entities conducting business cross-border?

The same rule applies to cross-border telephone calls.

(b) What are the exemptions from these requirements?

None.

2. Insider dealing

(a)(i) What are the insider dealing restrictions in your jurisdiction?

The Market Abuse Regulation (EU) 596/2014 is applicable throughout the EU, including Greece. Pursuant to Article 14 of the Market Abuse Regulation.

There are prohibitions on insider dealing which cover persons who, because of: (1) their position in or fiduciary relationship with the issuer; (2) their participation in the issuer’s capital (shareholders); or (3) their access to information due to their duties or profession, deal in such securities with inside information on the Greek stock market or through a professional intermediary. Such persons are prohibited from dealing, encouraging others to deal, or revealing the inside information to others as part of their ordinary duties of employment.

(a)(ii) When might they apply to entities conducting business cross-border?

The same rules apply.

(b) What are the exemptions from these requirements?

Exemptions for buy-back programmes

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