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3 A History of Insider Dealing Legislation in the UK

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: 23 February 2024

Subject(s):
Insider dealing — Panel on Takeovers and Mergers — Stock market and exchanges — Securities and Exchange Commission (SEC)
3.01 From the vantage point of the twenty-first century, there is general agreement that insider dealing is reprehensible, affects the cleanliness and integrity of markets, and damages investor confidence. It is also generally agreed that insider dealing should be the subject of legislative prohibition. But it was not always so. Insider dealing did not become a criminal offence in the UK until 1980 with the enactment of Part V of the Companies Act 1980. This Chapter summarises the most important developments in the history of insider dealing legizlation which led...
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