ABSTRACT

This book concentrates on the restatement of the law contained in Part 5 of the Criminal Justice Act 1993. It sets out the law and practice governing the commission of the criminal offence of insider dealing (and of certain other securities market offences) in the United Kingdom. In doing so, it also places the relevant legislation into the context of securities law as a whole. The historical background is explained and there is discussion of the way in which securities business is effected in the City and how it is presently regulated. The book is practical in its approach and will therefore appeal to experienced practitioners and compliance officers.

chapter |13 pages

Historical developments

chapter |8 pages

Practical and political pressures

chapter |2 pages

The Financial Services Act 1986

chapter |8 pages

THE REGULATORY HIERARCHY

chapter |1 pages

The basic questions

chapter |22 pages

‘Investment activities’

chapter |5 pages

Other offers of securities

chapter 3|2 pages

WHAT IS INSIDER DEALING?

chapter |7 pages

Some basic examples of insider dealing

chapter |5 pages

A ‘level playing-field’

chapter |2 pages

LEGISLATIVE PROHIBITION

chapter |1 pages

THE EC DIRECTIVE ON INSIDER DEALING

chapter |4 pages

Introductory and explanatory material

chapter |1 pages

Territorial scope

chapter |4 pages

Member State co-operation

chapter |4 pages

Inside information

chapter |3 pages

THE RELEVANT SECURITIES

chapter |5 pages

Warrants

chapter |7 pages

INFORMATION MADE PUBLIC

chapter |2 pages

Limitations

chapter 6|6 pages

THE BASIC OFFENCE OF INSIDER DEALING

chapter |8 pages

THE BASIC OFFENCES

chapter |3 pages

DEFENCES TO ‘DEALING IN SECURITIES’

chapter |1 pages

Individual would have dealt anyway

chapter |6 pages

‘Market information’

chapter 8|7 pages

THE MONITORING, ENFORCEMENT AND PROSECUTION OF INSIDER DEALING

THE CRIMINAL SANCTION

chapter |3 pages

Their powers

chapter |8 pages

Conduct of investigations

chapter |4 pages

The penalties for insider dealing

chapter |1 pages

INTERNATIONAL MATTERS

chapter 9|13 pages

OTHER CONSTRAINTS ON INSIDER DEALING

chapter |2 pages

The continuing obligations of companies

chapter |7 pages

The Listing Rules and directors

chapter |1 pages

Secrecy

chapter |3 pages

Equality of information to shareholders

chapter |2 pages

Corporate finance business

chapter |2 pages

Chinese walls

chapter |5 pages

Material interest

chapter 10|1 pages

OTHER ‘MARKET’ OFFENCES

INTRODUCTORY MATTERS

chapter |8 pages

UNAUTHORISED INVESTMENT BUSINESS

chapter |2 pages

Territorial scope

chapter |8 pages

‘Investment agreement’

chapter |2 pages

MARKET MANIPULATION

chapter |2 pages

Territorial limits

chapter |3 pages

The penalty for theft

chapter |3 pages

OBTAINING PROPERTY BY DECEPTION

chapter |2 pages

APPENDICES RELEVANT STATUTORY MATERIALS

chapter |9 pages

APPENDIX A CRIMINAL JUSTICE ACT 1993 (1993 c 36)

PART V INSIDER DEALING

chapter |2 pages

SCHEDULE I

SPECIAL DEFENCES

chapter |1 pages

SCHEDULE 2

SECURITIES

chapter |1 pages

Futures

chapter |2 pages

SCHEDULE 6

REPEALS AND REVOCATIONS PART I REPEALS

part |1 pages

PART II REVOCATIONS

chapter |2 pages

SCHEDULE

REGULATED MARKETS