ACCA LW · Chapter 12 · Question 6 of 11
Which of the following is NOT one of the offences under the insider dealing provisions of the Criminal Justice Act 1993?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) Failing to report a suspicion of insider dealing to the authorities
Explanation
The three insider dealing offences are dealing, encouraging another to deal, and improperly disclosing inside information. There is no offence under the 1993 Act of failing to report a suspicion of insider dealing; failure-to-disclose offences arise under money laundering legislation for the regulated sector. Defences include showing that the individual did not expect the dealing to result in a profit attributable to the information.
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