Part 6: Insider dealing and money laundering etc Section 31: Maximum sentences for insider dealing and financial services offences
This section amends section 61(1)(b) of the Criminal Justice Act 1993 and section 92(1)(b) of the Financial Service Act 2012. The effect of the amendment is to increase from seven to ten years the maximum sentence for conviction on indictment for insider dealing offences under sections 52(1), 52(2)(a) and 52(2)(b) of the Criminal Justice Act 1993, and market manipulation offences under sections 89, 90 and 91 of the Financial Services Act 2012.
	The Section provides that this higher maximum will not apply to offences committed before the amendment takes effect, including offences committed over a period of time which began before the amendment takes effect.