Market abuse and Standard variable rate: Difference between pages

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imported>Martin ODonovan
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imported>Doug Williamson
(Create page. Sources: linked pages and Moneyfacts UK webpage https://moneyfacts.co.uk/mortgages/guides/what-is-a-standard-variable-rate/#:~:text=A%20standard%20variable%20rate%20(SVR,fixed%2C%20tracker%20or%20discounted%20deal.)
 
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Market abuse is the term used to describe any misuse of confidential or non public information so as to attempt to gain a trading advantage.  Market abuse also encompasses: insider dealing;improper disclosure; manipulating transactions; manipulating devices; misleading dissemination.
''Mortgage lending - interest rates.''


Legislation exists in most financial markets to specify the detail of what is prohibited as market abuse and within the EU this is covered by the Market Abuse Directive ([https://www.esma.europa.eu/system/files/Dir_03_6.pdf Directive 2003/6/EC of the European Parliament and of the Council of 28 January 2003]) and the revised Market Abuse Directive II and the Market Abuse Regulation which are in the process of being enacted in 2014
(SVR).


A standard variable rate is a rate of mortgage interest set by the lender, that they have the discretion to change from time to time.


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.
It is usually more expensive for the borrower overall, compared with other mortgage deals.




== Other links ==
== See also ==
[http://www.treasurers.org/node/3244 ACT briefing note: The New Market Abuse and Disclosure Regime in the UK - A Guide for Listed Companies  August 2005]
* [[Interest rate]]
* [[Mortgage]]
* [[Variable rate]]
 
[[Category:The_business_context]]
[[Category:Financial_products_and_markets]]

Revision as of 12:19, 31 March 2021

Mortgage lending - interest rates.

(SVR).

A standard variable rate is a rate of mortgage interest set by the lender, that they have the discretion to change from time to time.

It is usually more expensive for the borrower overall, compared with other mortgage deals.


See also