Insider regulations and timely disclosure

I: Introduction. II: European Insider Law. A. General Problems of Insider Law. B. Particular Problems of Insider Law according to the Example of the EC Directive of 13 November 1989. III: European Timely Disclosure. A. General Problems of Timely Disclosure. B. Particular Problems Concerning Timely Disclosure under Art. 7 of the EC Directive and under Art. 15 of the German Securities Exchange Act. IV: Unharmonized National Liability and Insider Law Pertaining to a Specific Area. A. Liability Illustrated by the German Securities Exchange Act. B. National Insider Law Pertaining to Specific Areas Illustrated by the German Company, Banking and Insolvency Acts.