Market Abuse

Question 1

‘‘market corner’’

Answer 1

any arrangement or understanding involving the purchasing, selling
or issuing of securities listed on a regulated market - where
(A) a person, or a group of persons acting in concert, ACQUIRES DIRECT OR INDIRECT BENEFICIAL OWNERSHIP of, or exercises control over, OR IS ABLE TO INFLUENCE THE PRICE OF SECURITIES listed on a regulated market.
(B) where the effect is or is likely to be that the trading price of the securities listed on a regulated market, as reflected through the facilities of a regulated market is likely
to be abnormally influenced or dictated by such person or group of persons in that the said trading price deviates or is likely to deviate from the trading price which would otherwise likely have been reflected through the facilities of the regulated market on which the particular securities are traded

Question 2

‘‘insider’’

Question 3

‘‘inside information’’

Question 4

An insider is not guilty of insider trading if such insider proves:

Answer 4

that he or she-
(i) only became an insider after he or she had given the instruction to deal to an authorised user AND and the instruction
was not changed in any manner after he or she became an insider.
(ii) is an authorised user and was acting on specific instructions from a client, and did not know that the client was an
insider at the time;
(iii) was acting in pursuit of (aa) a transaction in respect of which - all the parties to the transaction had possession of the same inside information, trading was limited to the parties referred to in subparagraph (aa); the transaction was not aimed at securing a benefit from exposure to movement in the price of the security,
or a related security, resulting from the inside information.