General Insider Lists and Managers’ Transactions
DAML: A Defence Against Money Laundering Suspicious Activity Report. This is an authorised disclosure which a firm can submit to the National Crime Agency under Part 7 of POCA if the firm suspects that proceeding with a transaction risks them committing a principal money laundering offence. If the reporting firm gets consent, then it does not commit a principal money laundering offence in POCA when dealing with that transaction in a way that is covered by the consent.
AFO: An Account Freezing Order. POCA contains powers to freeze accounts through the use of Account Freezing Orders. Once an AFO is in place it is possible, certain law enforcement officers can seek to have that money forfeited, either by way of a court order, or by way of an administrative forfeiture procedure. These powers are mirrored in ATCSA for use in relation to terrorist property.
Inside information: Information of a precise nature which has not been made public, relating, directly or indirectly, to financial instruments or issuers of such instruments, and which, if it were made public, would be likely to have a significant effect on the price of the financial instruments in question or their derivatives.
Insider dealing: A range of behaviours which breach the MAR and/or constitute a criminal offence, including, for example, where a person in possession of inside information uses that information for personal gain by buying or selling a share to which the information relates.
Insider lists: Lists maintained by issuers and persons acting on their behalf or on their account (such as advisers and consultants) which contain details of each individual who has access to inside information and who is working for the issuer either under a contract of employment or otherwise performing tasks through which they have access to inside information.
Issuer: A legal entity which issues or proposes to issue financial instruments.
Market manipulation: A range of behaviours which breach the MAR, and/or constitute a criminal offence, including, for example, where a person knowingly gives out false or misleading information in order to influence the price of a share.
MAR: Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation). The ‘EU MAR’ refers to the EU version of the Regulation. The ‘MAR’ is the Regulation as it has effect in the UK after IP completion day (see EU MAR and MAR ).