ENZO DI PUMA v COMMISSIONE NAZIONALE PER LE SOCIETÀ E LA BORSA (CONSOB) (C-596/16) COMMISSIONE NAZIONALE PER LE SOCIETÀ E LA BORSA (CONSOB) v ANTONIO ZECCA (C-597/16)

[2018] Lloyd's Rep FC Plus 44

EUROPEAN COURT OF JUSTICE (GRAND CHAMBER)

Before K Lenaerts, President, A Tizzano, Vice-President, R Silva de Lapuerta, M Ilešič, T von Danwitz (Rapporteur), A Rosas, President of Chamber, E Levits, President of Chamber, E Juhász, Judge J-C Bonichot, Judge A Arabadjiev, Judge S Rodin, Judge F Biltgen, Judge K Jürimäe, Judge C Lycourgos, Judge, and E Regan, Judge, Advocate General: M Campos Sánchez-Bordona, Registrar: R Schiano, Administrator

Directive 2003/6/EC – Insider dealing – Penalties – National legislation which provides for an administrative penalty and a criminal penalty for the same acts – Res judicata attached to a final criminal judgment relating to administrative proceedings – Final criminal judgment ordering acquittal in respect of insider dealing – Effectiveness of the penalties – Charter of Fundamental Rights of the European Union – Article 50 – Ne bis in idem principle – Criminal nature of the administrative sanction – Existence of the same offence – Article 52(1) – Limitations to the ne bis in idem principle – Conditions.