An individual is not guilty of insider dealing by virtue of dealing in securities or encouraging another person to deal if he shows that he acted in conformity with the FCA’s price stabilizing rules (137Q FSMA) and Article 5 of MAR concerning an exemption for buy-back programs and stabilization. For more, 137Q FSMA and Article 5 of MAR can be found here and here, respectively.
More topics in this series
- Statutes and Official Guidance
- Insider Dealing Overview
- Criminal Justice Act 1993 (CJA) Overview
- UK Market Abuse Regulation (UK MAR) Overview
- Statute of Limitations
- Who May be Liable for Insider Trading?
- Element: Applicable Instruments
- Element: Inside Information
- Element: Knowledge, Use of Inside Information
- Exception under UK MAR: Marketing Sounding
- Exemptions under UK MAR: Buy Back Programs, Stabilization Measures
- Defenses under CJA
- Defense: Unforeseeable Profit Related to Inside Information
- Defense: Reasonable Belief Information Widely Disclosed so that No Others Dealing Would be Prejudiced
- Defense: Dealing Unrelated to Inside Information
- Defense: Market Makers
- Defense: Market Information
- Defense: Transactions
- REMIT