The Securities and Markets Supervision Unit (SMSU) of the MFSA is investigating the trading activities of two individuals who as insiders may have traded on the basis of potentially price sensitive information relating to the issuer, the Authority has revealed in its annual report, just published.

It did not give details, but said that there are also a number of on-going reviews under the Prevention of Financial Market Abuse Act  relating to possible cases of market manipulation and insider dealing.

It is the MFSA's role to enforce the Prevention of Financial Markets Abuse regime in order to safeguard the integrity and reputation of the financial market from malpractices.

The MFSA's Securities and Markets Supervision Unit (SMSU) hmonitors exchange trading in financial instruments admitted to trading on the Malta Stock Exchange with the aim of identifying  suspicious trading.

Last year, the Unit completed three reviews and initiated six reviews of suspicious market transactions. The Unit also completed one investigation and initiated four investigations of possible market abuse. At the end of December 2010 there were seven reviews and seven investigations which were underway.

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