A 45-minute, CPD-assessed course on insider dealing, unlawful disclosure and market manipulation, built around how ordinary conduct goes wrong: a deal mentioned at home, a chat group that drifts, a document forwarded to a friend. Scheduled, chased and certified for you.
The one thing in this subject a person actually has to be able to apply. Information is inside information when all three of these are true at once.
It refers to something that exists or could reasonably be expected to happen, specific enough to draw a conclusion about which way a price would move. A negotiation that has started is precise even though nobody knows how it ends.
Announced properly to the market is public. Known to the deal team, discussed in a meeting or circulating as a rumour is not.
If it were published, a reasonable investor would be likely to use it as part of the basis of their investment decision.
Buying, selling, or cancelling or amending an order you had already placed. Dealing through a family member's account is still you dealing.
Telling a friend “I'd buy that this week” and deliberately not saying why is a separate offence, not a way of staying safe.
Passing it to anyone outside the proper course of your job: a partner, a friend at another firm, a group chat. No trade and no gain needed.
Doing nothing is not an offence. But explaining to anyone why you are abstaining is itself a disclosure.
Centred on market abuse itself, with financial promotions only where they genuinely overlap: a misleading statement about an investment can be both.
Two regimes, the civil market abuse rules and the criminal offences, both of which reach individuals, and what the subject actually covers.
The three-part test you should be able to apply, the three things you cannot do with inside information, and why where it came from does not matter.
Spotting inside information in ordinary work and what you do about it. Includes a filmed scenario.
The version that reaches ordinary staff: misleading trades, orders, rumours and figures, attempted as well as achieved. Legitimate behaviour that looks similar, and valuation points and the trade at the end of the month.
Where a misleading statement about an investment can be market abuse as well as a promotions breach, and where things go wrong in practice.
How to escalate well, and why reports to the outside are the firm's job rather than yours. Includes a filmed scenario.
Being on an insider list, being wall-crossed and declining a sounding, what surveillance can see, personal account dealing including family members' accounts, information barriers, restricted lists and being told to stop.
Four habits worth actually having, who is answerable, speaking up and three things to do this week.
What to take away, followed by the test and the certificate.
The course teaches behaviour rather than article numbers: UK MAR is assimilated law earmarked for replacement, and its numbering is the part most likely to change. By the end, a learner can:
Two short films, shot for Fundsure with the same cast across the catalogue. In one, a colleague sees something that suggests another colleague may be misusing information. In the other, the compliance officer is asked to approve material that presents modelled performance alongside real performance. After each, the learner chooses what should happen, and is told why the tempting answers are wrong: asking the colleague about it first, waiting to see whether it happens again, or leaving the material as it is because the risk warning is there.
The test at the end draws 10 questions from a bank of 30, with a pass mark of 80%, and a pass issues a named, CPD-marked certificate that anyone can check online.
Built on the FCA's recent supervisory work, not on a textbook. Last checked Sept 2026.
The FCA's findings on market soundings: recipient lists extended without thought, inside information reaching people who never agreed to be wall-crossed as an email chain grew, restricted and insider lists confused, and weak barriers in shared offices.
The FCA's review of off-channel communications found breaches of firms' own policies at every grade, a striking share at director level or above. Business talk belongs on channels the firm records.
The FCA reports that the large majority of suspicious transaction and order reports it received in 2025 concerned insider dealing, and names the escalation of a suspicion as a recurring weakness.
The course covers personal account dealing through a relative's account, which is how a recent UK insider dealing case involving an asset manager's analyst was actually run.
The offence most people are realistically at risk of: no trade and no profit needed, just passing the information on.
Outside this regime for now. The FCA published final rules on 30-Jun-26 for a separate crypto market abuse regime, applying from 25-Oct-27.
Both the civil market abuse regime and the criminal insider dealing offences reach individuals, and the conduct rules require proper standards of market conduct from almost everyone in the firm. The FCA also expects firms to detect and escalate suspicions, which depends on staff recognising one.
In the Fundsure Portal the course is scheduled for everyone, chased before the deadline, and every sitting, score and certificate is kept and carried into the compliance officer’s report to the board. Personal account dealing sits in the portal too.
How the portal runs trainingIntroduction to Market Conduct plus Conduct Rules, Financial Promotions, AML and CTF and the rest of the catalogue of 20, with no per-course fees.
Rule 5, proper standards of market conduct, and the other five individual rules.
See the courseClear, fair and not misleading, and who may approve a promotion.
See the courseThe proceeds of insider dealing are criminal property too.
See the courseRaising a concern when the normal route is the problem.
See the courseWe will send you a link to take the whole course, filmed scenarios and test included, or walk you through the portal with a demonstration firm.
