CRIMINAL CODE OF THE REPUBLIC OF ALBANIA   |   7895

Article 143-a-2: Unauthorised Use and Divulgence of Privileged Information

A person who, in an authorised or unauthorised manner, becomes aware of privileged information, which the public is unaware of, and which he or she may use with the intent to obtain a material benefit for himself or herself or a third party, or in the detriment of the latter, in one of the following ways:

a) Buying or selling securities traded in the territory of the Republic of Albania, or traded by an issuer based in the Republic of Albania;

b) Aware of the nature of privileged information, communicating it, without authorisation, to a third party;

c) Aware of the privileged nature of information, advising a third party to buy or sell securities traded in the territory of the Republic of Albania, or traded by an issuer based in the Republic of Albania, shall be punished by imprisonment of six months to three years.

Where that offence has been committed in complicity, more than once, or has resulted in serious consequences, it shall be punished by imprisonment of up to five years.

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