Jump to Content Jump to Main Navigation

4 Insider Dealing

From: Market Abuse Regulation (3rd Edition)

Edward J Swan, John Virgo

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2022. All Rights Reserved.date: 27 January 2022

Subject(s):
Insider dealing — Market abuse — UK Financial Conduct Authority (FCA)

This chapter examines what constitutes insider information, covering insider dealing under the Market Abuse Regulation; definition of inside information; case examples on inside information; financial instruments; and energy, emission allowances, and other commodity-related derivatives. Insider dealing has been the variety of market abuse that has been most enthusiastically prosecuted by the market regulators to date. A large percentage of the penalties that have been imposed for market abuse have been in insider dealing cases. This is because the nature of insider dealing leaves a relatively clear paper record of the transactions that constituted the transactions in question. Consequently, it is not that difficult for the Financial Conduct Authority to assemble clear proof that an insider has engaged in, or assisted, improper trading.

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.