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1 Introduction to Insider Dealing

From: Insider Dealing: Law and Practice

Sarah Clarke

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 18 April 2024

Insider dealing — Financial Services and Markets Act 2000 — UK Financial Conduct Authority (FCA) — UK Financial Services Authority (FSA) — Securities and Exchange Commission (SEC)
1.01 Insider dealing is a criminal offence in the UK under Part V of the Criminal Justice Act 1993 (‘CJA’).1 It is also a civil offence under the market abuse regime contained in Part VIII of the Financial Services and Markets Act 2000 (‘FSMA’).2 This Chapter covers what insider dealing is from a practical perspective, with reference to some real-life examples. It also considers the value of information in determining pricing, and deals with the prevalence of insider dealing in the UK markets today, as shown by the Market Cleanliness Statistic developed by the...
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