Finance reporting is one of the 17 news fields listed in the Press Card Regulation for the titles of news manager, editor, sub-editor and chief.
The Basis in the Legislation
The text of the sub-paragraph: on condition of working in the fields of politics, home news, foreign news, current affairs, the economy, finance, celebrity news, education, sport, culture and the arts, tourism, the family, health, science and technology, the environment, exclusive news and new media news; the news manager or editor or sub-editor or chief.
| Type of publication | Sub-paragraph | The 17-field condition |
|---|---|---|
| Daily political newspapers | Art. 19/1-g | Yes |
| Weekly political newspapers and magazines | Art. 20/1-g | Yes |
| Non-political newspapers and magazines | Art. 21/1-g | No |
| Fortnightly and less frequent publications | Art. 22/1-e | Yes |
| News and photo agencies | Art. 24/1-d | Yes |
| Radio and television | Art. 26/1-g | Yes |
| Internet news sites | Art. 27/1-g | Yes — the coordinator is also added to the titles |
Listed Separately from the Economy
In listing the 17 fields the Regulation writes the economy and finance one after the other but separately. That shows the two are recognised as separate specialisations.
| Field | Order (Art. 19/1-g) |
|---|---|
| Economy | 5th |
| Finance | 6th |
Accuracy and Liability
In market journalism incorrect information may have direct economic consequences. For that reason the duty of verification and the risk of disinformation are particularly important.
The Surreptitious Advertising Limit
Official Announcements and Advertisements Regulation Art. 6/4: news, pictures, video, writing and the like in the nature of an announcement or advertisement are stated to be an announcement or advertisement in a manner leaving no room for doubt. We covered the detail in the penalties for surreptitious advertising.
Mandatory Financial Announcements
The publication of certain financial announcements has been made compulsory by law and they are regarded as official announcements:
Economic and Financial Agencies
Press Card Regulation Art. 24/2-c provides a special quota for commercial and economic news or photograph agencies: the owner or the representative of the legal person + 13 employees, on the condition of 1,000 paying subscribers and at least 5 journalists.
Source Protection
Source protection is especially critical in market journalism. We covered the limits of Art. 12 of Law No. 5187 in the limits of source protection.
Its Relationship with the Reporter Title
The 17 fields are listed for the managerial titles. The title of reporter, by contrast, appears in every list in a separate sub-paragraph without a field condition (Art. 19/1-h and its equivalents). In practice the name of the field defines the reporter’s specialisation.
We covered the detail in who is a reporter: duties, rights and the press card and in the news manager: duties and the press card title.