Public disclosure of inside information

Abstract

Inside information is the central concept of the notion of public disclosure of inside information as well as of insider dealing. This paper aims to determine whether the notion of inside information is the same within the two concepts and whether it should be. Two hypotheses have been analyzed - firstly, the need to separate the unique concept of inside information, which has been accepted in Serbian and EU law, and secondly, the need to limit the issuer’s broad discretion with regard to the issue of delaying public disclosure. Finally, the concept of delaying public disclosure of inside information in connection with problem of rumors and 'leaked' information has been looked into in details.