accepted market practice

accepted market practice
For the purposes of the market abuse regime, a practice that is reasonably expected in one or more financial markets and is accepted by the competent authority of the member state. Such practices are a factor in deciding what is inside information in the commodity markets and provide a defence against the market abuse behaviour of manipulating transactions where there is also a legitimate reason for the trading.
The glossary to the FSA Handbook sets out the full definition of this term. When considering this term in the context of financial services, reference should be made to the FSA Handbook glossary definition of accepted market practice.
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Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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