Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Insider dealing definition

What does Insider dealing mean? insider dealing is the misuse of non‑public, price‑sensitive information (inside information) to trade, to encourage another to trade, or to disclose that information improperly in relation to securities/financial instruments. Across England and Wales, Scotland and Northern Ireland it is a criminal offence defined in the Criminal Justice Act 1993 (notably s 52). An offence is committed where an insider deals in price‑affected securities, encourages or procures another to deal, or discloses inside information otherwise than in the proper performance of their employment, office or profession. Inside information is precise, not generally available, relates to particular securities or an issuer,...

Criminal insider dealing: encouraging offence (CJA 1993 ss 52–53)—elements, defences, penalties

Published by a LexisNexis Corporate Crime expert

Practice notes

This Practice Note addresses one of the three criminal offences set out in, and created under, section 52 of the Criminal Justice Act 1993 (CJA 1993): encouraging or inducing another individual to trade in such securities (regardless of whether that individual realises they are 'price-affected'), whilst knowing or having reasonable grounds to believe that the transaction would occur. For general guidance on criminal insider dealing, including the territorial scope of the offence, who counts as an insider and what amounts to inside information and an inside source, see Practice Note: Insider dealing—the criminal offence.

How can a person commit the offence of encouraging insider dealing?

An individual commits the offence of encouraging insider dealing if, while holding inside information, they induce someone else to trade in securities that are price-affected in relation to that information.

The encourager must know or have reasonable cause to believe that the trading would proceed, and the dealing must concern a purchase or sale carried out on a regulated market, or involve the trader relying on a professional intermediary, or the trader being themselves engaged as a professional intermediary for that dealing...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Web page updated on 21/05/2026

Popular documents

Using the Judicial College Guidelines to assess general damages in personal injury claims

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Tomlin orders in England and Wales: CPR guidance on drafting, confidentiality, approval, variation, enforcement, limitation, CCA issues, court-specific requirements, sample wording and precedents

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Precedent: Deed of Surrender of Lease with Optional Premium, Settlement and Release, Landlord, Mortgagee and Guarantor Consents, Reimbursement and HM Land Registry Provisions (England and Wales)

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Precedent Statutory Declaration: Standard Wording under the Statutory Declarations Act 1835

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...