{"id":524,"date":"2022-06-23T10:00:26","date_gmt":"2022-06-23T08:00:26","guid":{"rendered":"https:\/\/carotenutolex.com\/?p=524"},"modified":"2022-06-10T11:08:43","modified_gmt":"2022-06-10T09:08:43","slug":"application-of-market-manipulation-and-obstruction-of-consobs-supervision-clarifications-from-the-court-of-cassation-2","status":"publish","type":"post","link":"https:\/\/carotenutolex.com\/en\/publications\/news\/application-of-market-manipulation-and-obstruction-of-consobs-supervision-clarifications-from-the-court-of-cassation-2\/","title":{"rendered":"Application of market manipulation and obstruction of Consob’s supervision: clarifications from the Court of Cassation"},"content":{"rendered":"

The fifth section of the Supreme Court has recently outlined the application boundaries of the offences of obstructing the functions of supervision, set forth under Article 2638 of the Civil Code, as well as of market abuse, provided by Article 185 of CFA.<\/p>\n

Accordingly, the former is a so-called “event crime”, committed when an obstruction of supervisory functions takes place and completed when an actual and significant damage occurs, which derives from an active or omissive conduct consisting in the failure to provide information to the competent supervisory authorities.<\/p>\n

Conversely, the latter, which protects the integrity of the financial market and the investor, is deemed as a “crime of conduct” and “actual danger”, consummated when the conduct is capable of producing an alteration in the price of financial instruments.<\/p>\n

Supreme Court, criminal section V, decision of 4 May 2022, no. 17789<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The fifth section of the Supreme Court has recently outlined the application boundaries of the offences of obstructing the functions of supervision, set forth under Article 2638 of the Civil…<\/p>\n","protected":false},"author":2,"featured_media":154,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[27],"yoast_head":"\nApplication of market manipulation and obstruction of Consob's supervision: clarifications from the Court of Cassation - Carotenuto Studio Legale<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/carotenutolex.com\/en\/publications\/news\/application-of-market-manipulation-and-obstruction-of-consobs-supervision-clarifications-from-the-court-of-cassation-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Application of market manipulation and obstruction of Consob's supervision: clarifications from the Court of Cassation\" \/>\n<meta property=\"og:description\" content=\"The fifth section of the Supreme Court has recently outlined the application boundaries of the offences of obstructing the functions of supervision, set forth under Article 2638 of the Civil…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/carotenutolex.com\/en\/publications\/news\/application-of-market-manipulation-and-obstruction-of-consobs-supervision-clarifications-from-the-court-of-cassation-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Carotenuto Studio Legale\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-23T08:00:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-10T09:08:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/carotenutolex.com\/wp-content\/uploads\/litigation.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Carotenuto Studio Legale\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Carotenuto Studio Legale\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/carotenutolex.com\/en\/publications\/news\/application-of-market-manipulation-and-obstruction-of-consobs-supervision-clarifications-from-the-court-of-cassation-2\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/carotenutolex.com\/en\/publications\/news\/application-of-market-manipulation-and-obstruction-of-consobs-supervision-clarifications-from-the-court-of-cassation-2\/\"},\"author\":{\"name\":\"Carotenuto Studio Legale\",\"@id\":\"https:\/\/carotenutolex.com\/en\/#\/schema\/person\/b5054dce8b91d81b67e68fc17191d0dc\"},\"headline\":\"Application of market manipulation and obstruction of Consob’s supervision: clarifications from the Court of Cassation\",\"datePublished\":\"2022-06-23T08:00:26+00:00\",\"dateModified\":\"2022-06-10T09:08:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/carotenutolex.com\/en\/publications\/news\/application-of-market-manipulation-and-obstruction-of-consobs-supervision-clarifications-from-the-court-of-cassation-2\/\"},\"wordCount\":152,\"publisher\":{\"@id\":\"https:\/\/carotenutolex.com\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/carotenutolex.com\/en\/publications\/news\/application-of-market-manipulation-and-obstruction-of-consobs-supervision-clarifications-from-the-court-of-cassation-2\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/carotenutolex.com\/wp-content\/uploads\/litigation.png\",\"keywords\":[\"litigation\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/carotenutolex.com\/en\/publications\/news\/application-of-market-manipulation-and-obstruction-of-consobs-supervision-clarifications-from-the-court-of-cassation-2\/\",\"url\":\"https:\/\/carotenutolex.com\/en\/publications\/news\/application-of-market-manipulation-and-obstruction-of-consobs-supervision-clarifications-from-the-court-of-cassation-2\/\",\"name\":\"Application of market manipulation and obstruction of Consob's supervision: clarifications from the Court of Cassation - 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