of July 13, 2012 No. 409-Z
About entering of amendments into some codes of the Republic of Belarus concerning market manipulation of securities
Accepted by the House of Representatives on June 21, 2012
Approved by Council of the Republic on June 29, 2012
Article 1. Add the Criminal code of the Republic of Belarus of July 9, 1999 (The national register of legal acts of the Republic of Belarus, 1999, No. 76, 2/50; 2007, No. 120, 2/1325; No. 160, 2/1343) Article 226-3 of the following content:
"Article 226-3. Market manipulation of securities
Making of the actions (failure to act) having significant effect on demand for security and (or) the offer of security, market price of security or the trading volume security, recognized according to legal acts market manipulation of securities, the entailed damnification in large size –
it is punished by penalty, either arrest, or restriction of freedom for a period of up to three years, or imprisonment for the same term with deprivation of the right to hold certain positions or to be engaged in certain activities or without deprivation.".
Article 2. Add the Code of the Republic of Belarus about administrative offenses of April 21, 2003 (The national register of legal acts of the Republic of Belarus, 2003, No. 63, 2/946; 2005, No. 120, 2/1128; 2006, No. 112, 2/1245; 2007, No. 120, 2/1325; No. 160, 2/1343; No. 175, 2/1370; No. 305, 2/1397; 2010, No. 16, 2/1651; No. 162, 2/1701; No. 300, 2/1750) Article 11.76 of the following content:
"Article 11.76. Market manipulation of securities
Making of the actions (failure to act) having significant effect on demand for security and (or) the offer of security, market price of security or the trading volume security, recognized according to legal acts market manipulation of securities if in these acts there is no actus reus, –
attracts imposing of penalty in the amount of twenty up to two hundred basic sizes, and on the legal entity – from fifty up to five hundred basic sizes.".
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