92. Market abuse

(1) For the purposes of these Regulations, Market Abuse is Behaviour (whether by one person alone or by two or more persons jointly or in concert) which —
(a) occurs in relation to —
(i) Financial Instruments admitted to trading on a —
(A) Prescribed Market; or
(B) a similar market or trading venue situated outside the Abu Dhabi Global Market and accessible electronically from within the Abu Dhabi Global Market;
(ii) Financial Instruments in respect of which a request for admission to trading on such a market has been made;
(iii) in the case of subsection (2) or (3) Behaviour, instruments which are Related Instruments in relation to such Financial Instruments; or
(iv) an Accepted Crypto Asset admitted to trading on a Crypto Asset Exchange; and
(b) falls within any one or more of the types of Behaviour set out in subsections (2) to (6).
(2) The first type of Behaviour is where an Insider deals, or attempts to deal, in a Financial Instrument, Related Instrument or an Accepted Crypto Asset on the basis of Inside Information relating to the Financial Instruments, Related Instruments or Accepted Crypto Assets in question.
(3) The second is where an Insider discloses Inside Information to another person otherwise than in the proper course of the exercise of his employment, profession or duties.
(4) The third is where the Behaviour consists of effecting transactions or orders to trade (otherwise than for legitimate reasons and in conformity with Accepted Market Practices on the relevant market) which —
(a) give, or are likely to give, a false or misleading impression as to the supply of, or demand for, or as to the price of, one or more Financial Instruments or Accepted Crypto Assets; or
(b) secure the price of one or more such instruments at an abnormal or artificial level.
(5) The fourth is where the Behaviour consists of effecting transactions or orders to trade which employ fictitious devices or any other form of deception or contrivance.
(6) The fifth is where the Behaviour consists of the dissemination of information by any means which gives, or is likely to give, a false or misleading impression as to a Financial Instrument or an Accepted Crypto Asset by a person who knew or could reasonably be expected to have known that the information was false or misleading.
Amended on June 25, 2018