Dostupnost informacija od javnog značaja na finansijskom tržištu

Abstract

Autori se u radu bave pitanjem dostupnosti informacija od javnog značaja na finansijskom tržištu. Tokom rada organa javne vlasti nastaju brojne informacije ili organi javne vlasti dolaze u posed različitih informacija, od kojih su posebno značajne one do kojih Komisija dođe vršenjem nadzora. Ti podaci predstavljaju poslovnu tajnu. Autori smatraju da bi trebalo da postoji pravo na slobodan pristup informacijama o nezakonitom i nepravilnom poslovanju i postupanju i da bi organi koji vrše javna ovlašćenja na finansijskom tržištu trebalo da, po sopstvenoj inicijativi, objave ove podatke. Analizirajući posebno osetljivo pitanje insajderskih informacija u kontekstu dostupnosti informacija od javog značaja, autori zaključuju da bi Komisija trebala da javno objavi insajdersku informaciju kada smatra da treba omogućiti slobodan pristup toj informaciji, a ne da je isključivo dostavi licu koje je podnelo zahtev.

In terms of the principle of transparency, public authorities are obliged to provide public access to their activities, according to the law governing free access to information of public importance (FAIPIA). FAIPIA under it involves information held by a public authority, resulting in activities or in connection with the activities of this body, and it refers to everything that the public has a legitimate interest to acquire knowledge. During its functioning public authorities create a lot of information or come into the possession of different information, where special importance have information that these bodies obtained in inspection or similar ways of control in different areas. These data, in addition to the information available to the public, are considered as business secret of Securities Commission. In connection with the fact that this information is secret, of importance is the provision of FAIPIA, according to which the right to free access to such information can be very subject to limitations prescribed by this law, if it is necessary in a democratic society for the protection of the serious injury of an overriding interest based on the Constitution or the law. The authors believe that the legal guarantee of confidentiality of official information obtained in the control of the financial markets should not be used to conceal illegal activities which violate the legitimate interests of citizens and public interest in the protection of vital value. Therefore, they have the opinion that there should be a right to access information about the illegal and irregular operations and treatment. On the other hand, they consider that bodies exercising public powers in the financial markets should also, on its own initiative, publish this data with the aim of regulation by (negative) reputation. Authors present problems with regard to the possibility of use of legal remedies, and the inability of the body that in the first instance rejected the request for free access to information of public interest to institute administrative proceedings against the Commissioner. They also discussed the possibility of the participation of the person to whom the information of public interest concerns in the first instance before the competent public authorities, in the proceedings before the Commissioner, and the ability of this person to submit a claim for an administrative dispute against the decision of the Commissioner. The same issues were discussed and related to other public authorities with the information found in the possession of public authorities in the financial markets as a result of their cooperation and coordination. The authors point out their position on mandatory public disclosure of inside information for which request for free access to information of public importance was submitted, whether by public authorities or by the Commissioner. They also presented the position of other public authorities in the financial market such as BSE and the Central Registry. At the end of the paper the authors discuss the public policy issues underlying the FAIPIA and General Administrative Procedure Act.