Which of the following is NOT allowed for insider dealing?

Insider dealing refers to the illegal practice of trading based on non-public, material information about a company. In the context of UK regulations, insider dealing rules are designed to maintain market integrity and protect investors by ensuring that everyone has equal access to material information.

The correct answer indicates commodities and commodity derivatives are not covered under insider dealing regulations in the same way that other financial instruments are. Insider trading typically applies to stocks, shares, bonds, and derivatives directly tied to a company's equity. Options and futures based on shares rigourously fall under regulations concerning insider trading, as they are considered financial instruments that reflect the performance of underlying companies.

Although interest rates linked to shares may involve some degree of derivative nature, they focus on monetary policy rather than direct equity information, which generally restricts them from falling under typical insider dealing frameworks.

Therefore, commodities and commodity derivatives, which relate more to commodity markets rather than being directly tied to shareholders' equity or the performance of specific companies, do not face the same insider dealing prohibitions.