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Criminal Justice Act 1993

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This is the original version (as it was originally enacted).

56“Inside information”, etc

(1)For the purposes of this section and section 57, “inside information” means information which—

(a)relates to particular securities or to a particular issuer of securities or to particular issuers of securities and not to securities generally or to issuers of securities generally;

(b)is specific or precise;

(c)has not been made public; and

(d)if it were made public would be likely to have a significant effect on the price of any securities.

(2)For the purposes of this Part, securities are “price-affected securities” in relation to inside information, and inside information is “price-sensitive information” in relation to securities, if and only if the information would, if made public, be likely to have a significant effect on the price of the securities.

(3)For the purposes of this section “price” includes value.

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