BUDAPEST, Feb 24 (Reuters) - The National Bank of Hungary has launched a probe into some transactions related to shares of oil group MOL to see if they were in compliance with regulations on insider
Hungary’s Central Bank Probes MOL Share Trades Over Possible Insider Dealing
Insider Trading Compliance Review by NBH
BUDAPEST, Feb 24 (Reuters) - The National Bank of Hungary has launched a probe into some transactions related to shares of oil group MOL to see if they were in compliance with regulations on insider trading, the bank said on Tuesday in an emailed reply to Reuters questions.
Details of the Examination
"Based on a report filed citing suspicion of insider trading in MOL Plc. shares, the central bank is examining whether the provisions on prohibited insider trading have been violated in connection with certain capital market transactions linked to the issuer. While the official procedure is ongoing, the NBH cannot provide further details," the bank said.
MOL’s Initial Response
MOL has not yet responded to emailed Reuters questions.
Reporting Credit
(Reporting by Krisztina Than)


