Borsa Italiana introduce traders' code of conduct

Borsa Italiana is introducing measures to combat insider dealing, aiming to heighten the transparency of transactions made by 'relevant persons', including managers, auditors, managing directors and people who have access to price-sensitive information on shares of their listed companies or subsidiaries.

By the end of the year all listed companies will have to adopt a code of conduct and by the start of 2003 will have to inform the market about transactions carried out by relevant persons.

The co