Section 56

For the purposes of this section and section 57, “inside information” means information which— relates to particular securities or to a particular issuer of securities or to particular issuers of securities and not to securities generally or to issuers of securities generally; is specific or precise; has not been made public; and if it were made public would be likely to have a significant effect on the price of any securities. For the purposes of this Part, securities are “price-affected securities” in relation to inside information, and inside information is “price-sensitive information” in relation to securities, if and only if the information would, if made public, be likely to have a significant effect on the price of the securities. For the purposes of this section “price” includes value.

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Source: legislation.gov.uk · retrieved 2026-09-04