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Criminal Justice Act 1993

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Changes over time for: Section 55

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Point in time view as at 01/04/1994.

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There are currently no known outstanding effects for the Criminal Justice Act 1993, Section 55. Help about Changes to Legislation

55“Dealing” in securities.U.K.

(1)For the purposes of this Part, a person deals in securities if—

(a)he acquires or disposes of the securities (whether as principal or agent); or

(b)he procures, directly or indirectly, an acquisition or disposal of the securities by any other person.

(2)For the purposes of this Part, “acquire”, in relation to a security, includes—

(a)agreeing to acquire the security; and

(b)entering into a contract which creates the security.

(3)For the purposes of this Part, “dispose”, in relation to a security, includes—

(a)agreeing to dispose of the security; and

(b)bringing to an end a contract which created the security.

(4)For the purposes of subsection (1), a person procures an acquisition or disposal of a security if the security is acquired or disposed of by a person who is—

(a)his agent,

(b)his nominee, or

(c)a person who is acting at his direction,

in relation to the acquisition or disposal.

(5)Subsection (4) is not exhaustive as to the circumstances in which one person may be regarded as procuring an acquisition or disposal of securities by another.

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