Caroline Timoney

Legal Research Analyst, Paul Hastings LLP

Caroline Timoney is a Legal Research Analyst in Paul Hastings’ London office. She was previously the Commercial Litigation & Civil Fraud Legal Researcher at Peters & Peters Solicitors LLP. Caroline studied Law at the University of Cape Town and completed a Master’s degree in International Law in 2015. Caroline worked for the political think tank Afro-Middle East Centre in Johannesburg before moving to London to work as a researcher in legal publishing. She has presented research at the International Network of Genocide Scholars’ Conference and published articles on Middle Eastern politics, fraud, and international law.

Contributed to

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Insider dealing—defences to criminal charges

Practice Notes

This Practice Note explains the available statutory defences to the three criminal offences of insider dealing contained in the Criminal Justice Act 1993 (CJA 1993). It explains the scope of the general offences to the dealing offence, the encouraging offence and the disclosing offence, as well as the special defences available to the recipients of market information including market makers and those involved in price stabilisation. This Practice Note should be read in conjunction with Practice Note: Insider dealing—the criminal offence.

Corporate Crime

Insider dealing—the criminal offence

Practice Notes

This Practice Note explains the criminal offences of insider dealing under section 52 of the Criminal Justice Act 1993 (sometimes called insider trading). It explains the different ways in which the offence can be committed, the elements of the offences and explains key definitions including who is an insider and what constitutes inside information and an inside source. [It covers the statutory defences applicable to insider dealing offences including the transaction facilitation and price stabilisation defences]. It also explains the sentences which can be imposed following conviction for insider dealing offences.

Corporate Crime