Connect with us

Hi, what are you looking for?


EU top court defends freedom of finance journalists

The Court of Justice of the European Union issued a judgment Tuesday defending the freedom of journalists to share inside information with sources for upcoming articles about companies listed on the stock exchange.

The court said journalists may disclose inside information to sources before the publication of an article as long as it is deemed necessary and proportionate to their news-gathering.

“The disclosure of inside information by a journalist is lawful only where it is regarded as being necessary for the exercise of his or her profession and as complying with the principle of proportionality,” the court’s press release reads.

The Court of Appeal of Paris had requested a preliminary ruling from the European judges on the case of former Daily Mail journalist Geoff Foster, who was fined in 2018 by France’s Autorité des Marchés Financiers for allegedly sharing information about market rumors with his contacts.

According to the European court, journalists can share market-sensitive information with sources only if it has been done in the framework of their journalistic work — for example, to verify rumors. They must respect the principle of proportionality, balancing the impact on freedom of the press if such a disclosure was prohibited with the harm that such a disclosure might cause to the integrity of the financial markets.

Click to comment

Leave a Reply

Your email address will not be published.

You May Also Like


In this ongoing project, POLITICO is hosting a sort of digital diary following Ukrainian refugees across Europe as they adjust to lives forever changed...


Jack Murphy* was suspicious. His ex-girlfriend, Eve Doherty, seemed to know a lot about who he was calling.  His suspicions were merited. Doherty had...


Dimitar Bechev is a lecturer at the Oxford School of Global and Area Studies, a visiting scholar at Carnegie Europe and the author of...


MADRID — Spain wants the EU to revive its perpetually dormant migration talks after Madrid secured a related NATO pledge last week.  During an...


PARIS — French Prime Minister Elisabeth Borne came out swinging Wednesday, giving a speech to a fragmented parliament in which she laid out broad...

Foreign Policy

BERLIN — Western countries are willing to safeguard Ukraine’s future existence with security guarantees but they can’t amount to a similar level of protection...


The Belgian parliament on Wednesday took a first step toward the ratification of a treaty with Iran, which could allow an Iranian convicted of...


Russian Foreign Minister Sergey Lavrov said that the publication of a call between French leader Emmanuel Macron and Russian President Vladimir Putin, which took...