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6 Inside Information (s 56 CJA)

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: 15 April 2024

Subject(s):
Insider dealing — Securities — Security issuer
6.01 This Chapter deals with the statutory definition of ‘inside information’ in s 56 of the Criminal Justice Act 1993 (‘CJA’) and each of the required elements which must be proved for information to qualify as ‘inside information’ for the purposes of the CJA. It also deals with the evidential issues that may arise in respect of each of these elements. 6.02 The wording of s 56 CJA largely mirrors the wording of Article 1(1) of the Insider Dealing Directive (‘IDD’),1 save for the requirement that the information be ‘specific or precise’, the relevance of which is...
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