On 21.09.2021, the Board of the Financial and Capital Market Commission (FCMC) decided to impose a fine of EUR 50 000 on AS "Olainfarm" for breaches of the Financial Instruments Market Law, Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse and Commission Implementing Regulation No 2016/347.
In the discharge of its supervisory functions, the FCMC found out that AS "Olainfarm" had not ensured compliance with requirements laid down in Article 4.¹(2) of Financial Instruments Market Law and Article 18 of Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse, because it had failed to submit the requested insider list in due time, and requirements for the drawing up, updating and storage of relevant insider list laid down in Implementing Regulation No 2016/347.
For further information:
FCMC's Communications and Financial Literacy Division
Phone: +371 67774808
E-mail: