Market abuse and Offshore: Difference between pages

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Market abuse includes any misuse of confidential or non public information so as to attempt to gain a trading advantage.  
1.


The siting of a currency asset in a location other than the country of which the currency is the domestic currency.


Market abuse also encompasses:
For example, a holding of Japanese yen in the United States (which would also be known as 'Euroyen').
# Insider dealing.
# Improper disclosure.
# Manipulating transactions.
# Manipulating devices.
# Misleading dissemination.




For example trading in a company's shares whilst in the possession of inside information that a profits warning was about to be announced would be insider trading and therefore market abuse.
2. ''Verb.''


To offshore means to relocate a business - or part of a business - to another jurisdiction, often one where operational costs are lower.


====Legislation====


Legislation exists in most financial markets to specify the detail of what is prohibited as market abuse and within the EU this was covered by the Market Abuse Directive (Directive 2003/6/EC).
3.


The Market Abuse Directive (MAD) was revised and replaced by MAD II which widens its scope to include new markets and instruments.
The term is also used in the context of transactions with a company resident in a tax haven, or about a company itself resident in a tax haven.


The Market Abuse Regulation (MAR) and the Directive on Criminal Sanctions for Market Abuse (CSMAD) form the legislative proposals which make up MAD II.


== See also ==
* [[CNH]]
* [[CNY]]
* [[Euro]]
* [[Euromarket]]
* [[Finance vehicle]]
* [[Offshore fund]]
* [[Onshore]]
* [[Reshore]]
* [[Tax haven]]


MAD II came into force in July 2016.
[[Category:Accounting,_tax_and_regulation]]
 
[[Category:The_business_context]]
 
[[Category:Financial_products_and_markets]]
==See also==
* [[Confidential information]]
* [[Fair market]]
* [[Insider dealing]]
* [[Market manipulation]]
* [[UK MAR]]
 
 
 
==Other links==
 
[http://www.treasurers.org/node/3244 ACT briefing note: The New Market Abuse and Disclosure Regime in the UK - A Guide for Listed Companies; 2005]
 
[http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32014R0596 MAR]
 
[http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32014L0057 CSMAD]
 
[[Category:Self_management_and_accountability]]
[[Category:Ethics]]
[[Category:Financial_risk_management]]

Revision as of 07:52, 13 May 2020

1.

The siting of a currency asset in a location other than the country of which the currency is the domestic currency.

For example, a holding of Japanese yen in the United States (which would also be known as 'Euroyen').


2. Verb.

To offshore means to relocate a business - or part of a business - to another jurisdiction, often one where operational costs are lower.


3.

The term is also used in the context of transactions with a company resident in a tax haven, or about a company itself resident in a tax haven.


See also

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