The Regulation of Insider Dealing: An Applied and Comparative Legal Study towards Reform in the UAE.

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The Regulation of Insider Dealing: An Applied and Comparative Legal Study towards Reform in the UAE.

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dc.contributor.author Albelooshi, Abdulsalam en_GB
dc.date.accessioned 2009-01-06T10:09:02Z en_GB
dc.date.accessioned 2011-01-25T17:24:51Z en_US
dc.date.accessioned 2013-03-21T12:52:31Z
dc.date.issued 2008-08-15 en_GB
dc.description.abstract Insider dealing on the basis of inside information has been identified as an action against the principle of equal access to information for all those who need such information to make investment decisions. This thesis examines the regulation of insider dealing in financial markets. It analyses in particular the problem of the regulation of insider dealing in the United Arab Emirates (UAE), the shortcomings of this regulation and how it can be improved. The primary objective of the thesis is to offer reasonable recommendations for the reform of insider dealing in the UAE. There have been controversies regarding whether insider dealing should be regulated, the basis of such regulation and the form in which the law should intervene. This thesis has attempted to provide its own approach to the problem of insider dealing. This approach forwards the proposition that allowing insider dealing on the basis of inside information is against the principle of equal access to information and it is detrimental to market transparency. Based on this proposition, the thesis investigates the shortcomings of the current regulation of insider dealing in the UAE. Following this the applied study, which consists of a questionnaire and interviews conducted in the UAE, provides a clearer picture of the current regulation in the country. The study aims at measuring opinions and attitudes of investors and other experts towards the basis and effectiveness of the regulation of insider dealing in local markets in the UAE. This is followed by a legal comparative study. This is both a ‘macro-comparison’ and a ‘micro-comparison’ between the regulation of insider dealing in the jurisdictions of the US, the UK and the Dubai International Financial Centre (DIFC). The ‘macro-comparison’ draws conclusions from comparing the broader systems of regulation in the three jurisdictions. The ‘micro-comparison’ concentrates on a functional comparison between the specific rules related to insider dealing. The legal comparative study is combined with the information generated by the applied study. Together these provide solutions (represented as recommendations) for the reform of the UAE larger system of regulation, and amendments to the rules related to insider dealing. en_GB
dc.description.sponsorship Sponsored by The Government of Dubai en_GB
dc.identifier.uri http://hdl.handle.net/10036/47094 en_GB
dc.language.iso en en_GB
dc.publisher University of Exeter en_GB
dc.subject insider dealing en_GB
dc.subject UAE en_GB
dc.subject securities regulation en_GB
dc.subject Dubai International Financial Centre en_GB
dc.subject financial market regulation en_GB
dc.subject comparative regulation en_GB
dc.title The Regulation of Insider Dealing: An Applied and Comparative Legal Study towards Reform in the UAE. en_GB
dc.type Thesis or dissertation en_GB
dc.date.available 2009-01-06T10:09:02Z en_GB
dc.date.available 2011-01-25T17:24:51Z en_US
dc.date.available 2013-03-21T12:52:31Z
dc.contributor.advisor Drury, Robert en_GB
dc.publisher.department School of Law en_GB
dc.type.degreetitle PhD in Law en_GB
dc.type.qualificationlevel Doctoral en_GB
dc.type.qualificationname PhD en_GB


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