Compliance Affairs
Maximum sentence for insider dealing increases
The penalty for insider dealing is increasing to up to 10 years. Find out more.
April 21, 2023
The penalty for insider dealing is increasing to up to 10 years. Find out more.
The maximum sentence for insider dealing is set to increase from 7 to 10 years on 1 November 2021. It follows the recent passing of The Financial Services Act 2021 (Commencement No. 3) Regulations 2021 which give effect to Section 31 of the Financial Services Act 2021.
Firms should update their market abuse policies and training materials accordingly.
Kayne Osbourne is ComplyEasy's Founder. Kayne is a Chartered Fellow of the Chartered Institute for Securities Investments, CAMS certified and has advised dozens of fintech and traditional financial services businesses with turning compliance into an engine of growth.
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