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Market Abuse and Insider Dealing

Duration

This is a three hour training session, qualifying for 3 CPD hours.

Objectives

The objectives of the training session are to enable participants to:

• Gain an overview of the restrictions in the Model Code of the Listing Rules and the Disclosure Rules from July 2005 in relation to share dealing by directors and relevant employees of listed companies.
• Understand the key elements of insider dealing under the Criminal Justice Act 1993 and the defences available.
• Gain an overview of the restrictions in the Model Code of the Listing Rules (and the Disclosure Rules from July 2005) in relation to share dealing by directors and relevant employees of listed companies.
• Understand the key elements of the offence of market abuse under the Financial Services and Markets Act 2000 (as amended by the implementation of the Market Abuse Directive in 2005), the guidance given in the FSA Code of Market Conduct and any relevant safe harbours.
• Be able to advise on whether a person’s behaviour is likely to constitute market abuse.