Insider dealing laws ruled out
The Government has ruled out further legislation on insider dealing - unless required by Brussels.
Economic secretary Ruth Kelly told MPs that the Financial Services and Markets Act 2000 introduced a new civil market abuse regime to compliment existing insider dealing and other criminal legislation.
Replying to a question from Buckingham Tory MP John Bercow that ministers have no further plans to amend the legislation ‘although some adjustment of the UK legislation may be necessary when and if the proposed European Market Abuse Directive is agreed.’