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Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

insider dealing

    (1) (except in MAR 1)145 5the activity described in section 52 of the Criminal Justice Act 1993, which is in summary:

      1. (a) the offence of which an individual is guilty if he has information as an insider and:
        1. (i) in the circumstances described in (b), he deals in securities that are price-affected securities in relation to the information;
        1. (ii)
          1. (A) he encourages another person to deal in securities that are (whether or not that other knows it) price-affected securities in relation to the information, knowing or having reasonable cause to believe that the dealing would take place in the circumstances mentioned in (b); or
          1. (B) he discloses the information, otherwise than in the proper performance of the functions of his employment, office or profession, to another person;
      1. (b) the circumstances referred to in (a) are that the acquisition or disposal in question occurs on a regulated market (identified in an Order made by the Treasury), or that the person dealing relies on a professional intermediary or is himself acting as a professional intermediary.

    (2) (in MAR 1) the behaviour described in article 8 of the Market Abuse Regulation.145