C1Part VIII Penalties for Market Abuse

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Market abuse

118BF1Insiders

For the purposes of this Part an insider is any person who has inside information—

a

as a result of his membership of an administrative, management or supervisory body of an issuer of qualifying investments,

b

as a result of his holding in the capital of an issuer of qualifying investments,

c

as a result of having access to the information through the exercise of his employment, profession or duties,

d

as a result of his criminal activities, or

e

which he has obtained by other means and which he knows, or could reasonably be expected to know, is inside information.