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Insider’s liability

Insiders shall be obliged to comply with the confidentiality requirements in respect of insider information till the moment of official disclosure of insider information by Rosneft.

Insiders SHALL NOT BE ENTITLED TO:

  • disclose the insider information that is known (has become known) to them;
  • use insider information for the purposes not related either to their professional activities in Rosneft and (or) for the purposes not provided for by the terms and conditions of civil or labor contracts / agreements concluded with Rosneft;
  • use insider information in their personal interests or in other persons’ interests;
  • use insider information for performance of operations with Rosneft’s financial instruments;
  • sell insider information or make it available to any other persons for the purposes of performance by them of operations with financial instruments of Rosneft, or - equally - provide to such persons any recommendations for performance of the said operations, based on Rosneft’s insider information.

It shall be forbidden to perform actions related to market manipulation under Federal Law of 27.07.2010 No. 224-FZ On Counteracting Unlawful Use of Insider Information and Market Manipulation and on Amendments to Certain Legislative Acts of the Russian Federation.

deliberate actions that have been defined by the legislation of the Russian Federation on countering unlawful use of insider information and market manipulation or by the regulations of the Bank of Russia, as the result of which price, demand, supply or volume of trading in financial instruments, foreign currency and (or) goods have deviated from the level or were maintained on the level significantly different from the level that would have formed without such actions [Federal Law of 27.07.2010 No. 224-FZ].

Any use of insider information of Rosneft effected in breach of the aforementioned terms, including use of Rosneft’s insider information in the personal interests of persons having such insider information, and in the interests of other persons (apart from Rosneft) shall entail liability for unlawful use of insider information and market manipulation.

DO YOU STILL HAVE QUESTIONS? PLEASE CONTACT US AT insiders@rosneft.ru