Insider dealing and money laundering etc. Extending the maximum criminal sentence for market abuse
The criminal regime for insider dealing is in Part 5 of the Criminal Justice Act 1993. It contains three separate offences relating to (a) dealing in price-affected securities, (b) encouraging another to deal in price-affected securities, and (c) unlawful disclosure of inside information.
	The penalty for conviction on indictment for the above insider dealing offences is set out at section 61(1)(b) of the Criminal Justice Act 1993. Each offence can be tried summarily or by indictment. Currently, the maximum sentence following conviction on indictment is seven years; the Act amends this to ten years.
	The criminal regime for market manipulation is in sections 89-91 of the Financial Services Act 2012 . It also contains three separate offences related to (a) making false or misleading statements, (b) creating false or misleading impressions, and (c) making false or misleading statements or creating a false or misleading impression in relation to specified benchmarks.
	The penalty for conviction on indictment for the above market manipulation offences is set out at section 92(1)(b) of the Financial Services Act 2012. Each offence can be tried summarily or by indictment. Currently, the maximum sentence following conviction on indictment is seven years; the Act amends this to ten years.