The Board of the Financial and Capital Market Commission (FCMC) decided to apply a fine of EUR 1 000 to the inside information holder Irina Meļņika for breaches of Article 86.1 (2) of the Law on the Financial Instruments Market, as information on transactions in the shares of AS “Tosmares kuģubūvētava” was not timely provided to the FCMC. Taking into account that Irina Meļņika had repeatedly failed to comply with the provisions of the Law on the Financial Instruments Market, the FCMC Board decided to impose the fine of EUR 1 000 on Irina Meļņika for breaches of Article 86.1 (2) of above Law, and in the FCMC’s opinion it would be an appropriate sanction having regard to the findings established in administrative proceedings against Irina Meļņika.
For further information:
Public Relations Specialist
Financial and Capital Market Commission
Phone: +371 67774808; e-mail: email@example.com