Treasury, FSA consult on insider dealing

While the proposals will not substantially alter the existing UK regime on such issues, there are some wording and technical changes that will need to be implemented, for example, allowing the FSA wider powers covering issuers of stock. Different types of advisers will therefore be covered, such as those in law and in issueing new shares on the Stock Exchange. Definitions of insider rules will not be substantially changed, although the process of providing notification of, for example, director’s dealings will be streamlined. Those involved in distributing investment advice will be...