Jurisdiction(s):
United Kingdom

Key definition

Policy definition

What does Policy mean? In property practice, particularly in Scotland, policy (often policies) describes the grounds of a house—typically the garden, drives, parkland and other enclosed land associated with a dwelling, often within a boundary or policy wall. It is a descriptive conveyancing term rather than a defined statutory concept, but is well‑established in Scots property usage and title deeds. The term is used to identify what land is conveyed or retained with a house, to interpret real burdens and servitudes affecting the grounds (for example, maintenance of policy walls, tree controls or access routes), and to assess privacy and public access. In Scotland, guidance...

Precedent Group-wide Dealing Policy (Post-Model Code): FCA/MAR-aligned guidance for UK listed and AIM companies on insider dealing, PDMR restrictions and confidentiality

Published by a LexisNexis Corporate expert

Precedents

This precedent memorandum

This precedent memorandum presents a specimen group-wide dealing Policy issued by The Chartered Governance Institute (formerly known as ICSA: The Governance Institute) (CGI), GC100, the Quoted Companies Alliance (QCA) and other market participants too. It was created after the Financial Conduct Authority (FCA) chose to remove the Model Code, which had formed part of the listing rules, because it conflicted with the EU Market Abuse Regulation that came into force on 3 July 2016. The CGI, GC 100 and the QCA agreed that it would be greatly beneficial for listed and quoted companies to be able to refer to an equivalent version of the Model Code. Companies with a former premium listing of equity shares had previously been required to comply with the Model Code, which restricted persons discharging managerial responsibilities (PDMRs) from dealing in the company’s securities at certain times. The intention is that listed and AIM companies should apply the group-wide dealing policy to PDMRs, their employees and their subsidiaries, to provide an introduction to the concept of market abuse and to ensure that they do not misuse non-public information concerning the Group...

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Web page updated on 28/05/2026

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