Market Abuse and Insider Dealing
Apply UK MAR, civil and criminal regimes, inside-information concepts, disclosure, insider lists, soundings and defences.
How to prepare for UK Financial Regulation
Use 601 original multiple-choice questions to apply the regulatory perimeter, client conduct, professional ethics, market-integrity controls, complaints, compensation, data and whistleblowing requirements. The bank contains no recalled, past-paper or secure CISI items.
Core concepts
Concept 1
Explain UK MAR scope and the relationship between civil market abuse and criminal insider dealing.
Exam cue: Identify information, instrument, person and conduct.
Concept 2
Identify inside information, insider dealing and unlawful disclosure.
Exam cue: Test the civil and criminal regimes separately.
Concept 3
Apply STOR, disclosure, insider-list, market-sounding and defence requirements.
Exam cue: Select prevention, disclosure, reporting or defence consequences.
Risk pitfalls and guardrails
Assuming only completed trades can constitute market abuse.
Guardrail: Do not confuse regulator roles, firm permission with individual competence, suitability with appropriateness, FOS with FSCS or an official element weight with an internal topic allocation.
Treating all confidential information as inside information.
Guardrail: Do not confuse regulator roles, firm permission with individual competence, suitability with appropriateness, FOS with FSCS or an official element weight with an internal topic allocation.
Using a market-sounding or market-maker label as an automatic defence.
Guardrail: Do not confuse regulator roles, firm permission with individual competence, suitability with appropriateness, FOS with FSCS or an official element weight with an internal topic allocation.
Memory anchors
Inside information
Precise, non-public, price-sensitive information meeting the applicable legal criteria.
STOR
A suspicious transaction and order report made when conduct may indicate market abuse.
Insider list
A controlled record of persons with access to inside information where the rules require it.
Checkpoint rule
Do the check-up only after you can summarize each concept in one sentence and identify one dangerous pitfall from memory.
Knowledge Check (after reading)
Short check-up to confirm understanding of this module.
Check-up Questions
When can passing inside information amount to unlawful disclosure?
An employee tells a friend about confidential earnings before release, without suggesting a trade. What risk remains?
Answer all questions to submit.
Next step personalized recommendations
Continue learning
Move forward only after this module is stable.
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