EU’s highest court protects journalists’ financial freedom – POLITICO

The European Union’s Court of Justice ruled on Tuesday upholding the freedom of journalists to share inside information with sources for upcoming articles about companies listed on the European Union. Stock Exchange.

The court said journalists can disclose inside information to sources before publishing an article as long as it is deemed necessary and proportionate to their news collection.

“It is legal for journalists to disclose inside information only when it is deemed necessary for the performance of their profession and in accordance with the principle of proportionality,” the court said in a press release. read.

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

According to the European court, journalists can share market-sensitive information with sources only if it is done within the framework of their journalistic work – for example, to verify rumors. They must respect the principle of proportionality, balancing the impact on press freedom if such disclosure is prohibited with the harm such disclosure could cause to the integrity of financial markets. . EU's highest court protects journalists' financial freedom - POLITICO

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