- insider dealing
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Insider Dealing is an offence under Part V of the Criminal Justice Act 1993. An individual who has information as an insider is guilty of insider dealing if on a regulated market or relying on or acting as a professional intermediary, he deals in securities that are price affected securities in relation to the information. It is an offence to encourage others to do so or to give the information to another. There are various defences and complex issues of interpretation which qualify the offence.
Easyform Glossary of Law Terms. — UK law terms.
- insider dealing
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the making use of price-sensitive information that is unavailable to investors at large to the extent of dealing in company securities with the object of making a profit or avoiding a loss. Under the Criminal Justice Act 1993, persons who are or have been connected with a company (e.g. directors, senior employees, professional advisers, etc) are prohibited from engaging in such dealings on or, in certain circumstances, off the Stock Exchange if they acquired the information by virtue of their connection and in confidence.
Collins dictionary of law. W. J. Stewart. 2001.
- insider dealing
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Also known as insider trading. Generally, dealing in securities on the basis of inside information, that is, information that is not yet publicly known and which would affect the price of the securities if it were made public. It is a criminal offence in the UK under the Criminal Justice Act 1993.Related links
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.