Two high-level revision of the judicial interpretation has strengthened the penalties for insider trading and disclosure of insider information

On 24 July, the Supreme People ' s Court and the Supreme People ' s Procuratorate jointly issued the Decision on Amendments to the Interpretation of the Supreme People ' s Court and the Supreme People ' s Procuratorate on Certain Questions Concerning the Specific Application of the Law in Criminal Cases concerning the Handling of Inner Trades and Disclosure of Inner Information (Law No. 2026, No. 13), which has been in force since 27 July 2026. As a next step, the Supreme People ' s Court and the Supreme People ' s Procuratorate will provide guidance to the local people ' s courts at all levels and the people ' s procuratorates on the accurate understanding of the application of the Revised Decision, as well as on the strict punishment of the offences of insider trading and disclosure of insider information in accordance with the law, and will provide stronger judicial guarantees for the sound functioning of capital markets. (In Russian)