Status: You are viewing the version of the handbook as on 2009-03-31.

market abuse (manipulating transactions)

    26the behaviour described in section 118(5) of the Act, which is behaviour effecting transactions or orders to trade (otherwise than for legitimate reasons and in conformity with accepted market practices on the relevant market) which:

      1. (a) give, or are likely to give a false or misleading impression as to the supply of, or demand for, or as to the price, one or more qualifying investments; or
      1. (b) secure the price of one or more such investments at an abnormal or artificial level.