C&C fined €90,000 over breaches

Drinks group C&C has been fined €90,000 by the Central Bank of Ireland for breaching market abuse regulations.

C&C was reprimanded for failing regularly and promptly update its Insider List, with the identity of those persons working for C&C who had access to inside information.

The company also failed to state on its Insider List, the date of each and every occasion on which it was updated.

"The Central Bank regards the proper maintenance and updating of insider lists as essential given their key importance as a tool in the prevention and/or detection of market abuse through the illegal use of inside information," head of enforcement Derville Rowland said.