Document Details
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Document Type |
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Thesis |
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Document Title |
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Restriction of Exploiting Internal Information of Financial Documents of a Company 'Comparative Study' حظر استغلال المعلومات الدّاخلية الخاصَّة بالأوراق المالية للشركة "دراسة مقارن" |
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Subject |
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Faculty of Law |
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Document Language |
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Arabic |
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Abstract |
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The capital market is the place where securities are traded, Where entrepreneurs resort to; to form capital in their various projects, This market is witnessing the turnout of investors and dealers of capital owners, Where investors build their investment decisions through information on traded securities, corporate financial centers, and other important information, Given the importance of this information as it represents the main nerve of transactions in the stock market, this has led legislators, Including the Saudi regulator and the Egyptian legislator to look at this information with interest and to issue legislation, and regulations that ensure accurate and timely access to all investors and dealers in the market; We find that the principles of the stock market prohibit trading based on confidential internal information that has not been published to the public, especially if it has the effect of affecting the price of securities in the market; A trader familiar with this information will have a distinct advantage over other traders; As such information would allow it to make a guaranteed profit; this would violate the principle of equality between investors; It is unfair that a certain group can access the essential information in the market without other investors, This has led most legislators to ban the exploitation of internal information.
This study was conducted to discuss the prohibition of the exploitation of internal information on securities of the company and the statement of the responsibility of the person being informed, Where the importance of this study in working to ensure the integrity of transactions in the money market and the protection of dealers against exploitation.
By highlighting the exploitation of internal information by insiders; Using the comparative analytical approach through the analysis of the texts and legal rules in the capital market system and the related regulations that regulate the principle of prohibition of the exploitation of internal information and the responsibility of the person being informed, and compare the laws and regulations that prohibit the exploitation of internal information in both Saudi Arabia and Egypt.
This study has been divided into three sections; Where the first topic discussed what information is prohibited to exploit through the definition of information in general terms and types and sources and the definition of information prohibited exploitation and indicate the nature of this information, The second topic was devoted to studying the scope of the prohibition of the exploitation of internal information, While the third topic was devoted to studying the legal organization to prohibit the exploitation of internal information, The study concluded that working in financial markets is based on a number of principles, The most important of which are justice, equality, and transparency in obtaining internal information relating to securities.
The most important feature that information must enjoy in order to prohibit its exploitation is that the information is confidential and private and that it affects the price of the security. At the end of the study, we recommend that the Saudi regulator review information disclosure policies and procedures in order to limit the scope of hackers to internal information (confidentiality) and ensure that they are not leaked. |
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Supervisor |
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Dr. Amal Mohammed Shalabi |
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Thesis Type |
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Master Thesis |
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Publishing Year |
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1440 AH
2019 AD |
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Added Date |
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Wednesday, February 6, 2019 |
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Researchers
| سحر منصور مذكور | Mathkour, Sahar Mansour | Researcher | Master | |
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