10. Insider dealing.

Question 1

Insider dealing is governed by the …

Answer 1

Criminal Justice Act (1993)

Question 2

Insider dealing is a (civil / criminal) offence.

Answer 2

criminal

Question 3

‘Securities’ covered by insider dealing legislation: S*, DS (DS, LS, CB, CoD), W, DR, O, F, CfD.

Answer 3

shares

Question 4

‘Securities’ covered by insider dealing legislation: S, DS* (DS, LS, CB, CoD), W, DR, O, F, CfD.

Answer 4

debt securities

Question 5

‘Securities’ covered by insider dealing legislation: S, DS (DS*, LS, CB, CoD), W, DR, O, F, CfD.

Answer 5

debenture stock

Question 6

‘Securities’ covered by insider dealing legislation: S, DS (DS, LS*, CB, CoD), W, DR, O, F, CfD.

Answer 6

loan stock

Question 7

‘Securities’ covered by insider dealing legislation: S, DS (DS, LS, CB*, CoD), W, DR, O, F, CfD.

Answer 7

corporate bonds

Question 8

‘Securities’ covered by insider dealing legislation: S, DS (DS, LS, CB, CoD*), W, DR, O, F, CfD.

Answer 8

certificates of deposit

Question 9

‘Securities’ covered by insider dealing legislation: S, DS (DS, LS, CB, CoD), W*, DR, O, F, CfD.

Answer 9

warrant

Question 10

‘Securities’ covered by insider dealing legislation: S, DS (DS, LS, CB, CoD), W, DR*, O, F, CfD.

Answer 10

depositary receipts

Question 11

‘Securities’ covered by insider dealing legislation: S, DS (DS, LS, CB, CoD), W, DR, O*, F, CfD.

Answer 11

options

Question 12

‘Securities’ covered by insider dealing legislation: S, DS (DS, LS, CB, CoD), W, DR, O, F*, CfD.

Answer 12

futures

Question 13

‘Securities’ covered by insider dealing legislation: S, DS (DS, LS, CB, CoD), W, DR, O, F, CfD*.

Answer 13

contracts for differences

Question 14

Insider dealing legislation (does / does not) cover unlisted securities.

Answer 14

does not

Question 15

Insider dealing legislation (does / does not) cover face to face transactions.

Answer 15

does not

Question 16

Insider dealing involves the A* or D of S on a RM or via a PI.

Answer 16

acquisition

Question 17

Insider dealing involves the A or D* of S on a RM or via a PI.

Answer 17

disposal

Question 18

Insider dealing involves the A or D of S* on a RM or via a PI.

Answer 18

securities

Question 19

Insider dealing involves the A or D of S on a RM* or via a PI.

Answer 19

regulated market

Question 20

Insider dealing involves the A or D of S on a RM or via a PI*.

Answer 20

professional intermediary

Question 21

The acquisition or disposal of securities which are price-affected in relation to unpublicised information.

Answer 21

insider dealing

Question 22

The offence of encouraging another person to engage in insider dealing (does / does not) require that person to actually deal.

Answer 22

does not

Question 23

An ‘…’ is defined as: D, E, S, IoS; E, O, P

Answer 23

insider

Question 24

An ‘insider’ is defined as: D*, E, S, IoS; E, O, P

Answer 24

director

Question 25

An 'insider' is defined as: D, E*, S, IoS; E, O, P

Answer 25

employee

Question 26

An 'insider' is defined as: D, E, S*, IoS; E, O, P

Answer 26

shareholder

Question 27

An 'insider' is defined as: D, E, S, IoS*; E, O, P

Answer 27

issuer of securities

Question 28

An 'insider' is defined as: D, E, S, IoS; E*, O, P

Answer 28

employment

Question 29

An 'insider' is defined as: D, E, S, IoS; E, O*, P

Answer 29

office

Question 30

An 'insider' is defined as: D, E, S, IoS; E, O, P*

Answer 30

profession

Question 31

As a criminal offence, for insider dealing to be proven it must be shown that the perpertrator ... that the information was 'inside' and therefore origniated from an 'insider.'

Answer 31

knew

Question 32

Characteristics of '... information': P/S/P, U and having a SEoPoV if it were.

Answer 32

inside

Question 33

Characteristics of 'inside information': P*/S/P, U and having a SEoPoV if it were.

Answer 33

particular

Question 34

Characteristics of 'inside information': P/S*/P, U and having a SEoPoV if it were.

Answer 34

specific

Question 35

Characteristics of 'inside information': P/S/P*, U and having a SEoPoV if it were.

Answer 35

precise

Question 36

Characteristics of 'inside information': P/S/P, U* and having a SEoPoV if it were.

Answer 36

unpublished

Question 37

Characteristics of 'inside information': P/S/P, U and having a SEoPoV* if it were.

Answer 37

significant effect on price or value

Question 38

Offences under insider dealing legislation: D*, EATD, DoII

Answer 38

dealing

Question 39

Offences under insider dealing legislation: D, EATD*, DoII

Answer 39

encouraging another to deal

Question 40

Offences under insider dealing legislation: D, EATD, DoII*

Answer 40

disclosure of inside information

Question 41

Defences to insider dealing: DnEaP*, WdA, BoRG that IaD or WBD

Answer 41

did not expect a profit

Question 42

Defences to insider dealing: DnEaP, WdA*, BoRG that IaD or WBD

Answer 42

would have dealt anyway

Question 43

Defences to insider dealing: DnEaP, WdA, BoRG* that IaD or WBD

Answer 43

believed on reasonable grounds

Question 44

Defences to insider dealing: DnEaP, WdA, BoRG that IaD* or WBD

Answer 44

information already disclosed

Question 45

Defences to insider dealing: DnEaP, WdA, BoRG that IaD or WBD*

Answer 45

would be disclosed

Question 46

The maximum penalty for insider dealing is ... imprisonment.

Answer 46

7 years

Question 47

The territorial scope of insider dealing is ...

Answer 47

within the UK.

Question 48

Disclosure of information in the course of one's employment or profession is not deemed to be ...

Answer 48

insider dealing