UK Market Abuse Regulationā€”insider dealing

Published by a UUĀćĮÄÖ±²„ Corporate expert
Practice notes

UK Market Abuse Regulationā€”insider dealing

Published by a UUĀćĮÄÖ±²„ Corporate expert

Practice notes
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This Practice Note provides an overview of the offence of insider dealing as prescribed by Retained Regulation (EU) 596/2014 (uk market abuse regulation). The offence of insider dealing under Article 14 of the UK Market Abuse Regulation exists alongside the criminal offence of insider dealing under section 52 of the Criminal Justice Act 1993 as well as the criminal offences of making misleading statements and misleading impressions under sections 89 to 91 of the Financial Services Act 2012.

Background and purpose

Regulatory framework

The EU market abuse regulation 596/2014 took effect across the EU on 3 July 2016. Its stated goal was to establish a common regulatory framework on insider dealing, the unlawful disclosure of inside information and market manipulation (all forms of market abuse) as well as measures to prevent market abuse to ensure the integrity of financial markets in the EU and to enhance investor protection and confidence in those markets.

At the end of the Brexit implementation period (11 pm UK time on 31 December 2020), the EU Market Abuse Regulation was onshored into UK

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Jurisdiction(s):
United Kingdom
Key definition:
UK Market Abuse Regulation definition
What does UK Market Abuse Regulation mean?

means Retained Regulation (EU) 596/2014 on market abuse, being the version of the market abuse regulation that applies in the UK following the end of the brexit implementation period.

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