“Market Misconduct”可以翻译为“市场失当行为”。“Misconduct”一词有失职；处理不当；行为不端之意。《证券及期货条例》（Securities and Futures Ordinance）就所有类型的市场失当行为建立了双重民事及刑事制度。《证券及期货条例》于2003年4月1日生效，并扩展了为先前有关市场操纵及有关证券及期货的虚假或误导性资料披露的法律。虽然其中的若干条款是从被《证券及期货条例》取代的立法演变而来的，该法律主要以澳大利亚法律为范本。

第XIII部及第XIV部所规管的“Market Misconduct”包括6类罪行：

1，内幕交易（insider trading）

2，虚假交易（bogus transaction）

3，操控价格（manipulation of the price）

4，披露关于受禁交易的资料（Disclose information about prohibited transactions）

5，披露虚假或具误导性的资料以诱使进行交易（Disclosure of false or misleading information to induce trading）

6，操纵证券市场（Manipulation of security market）

参考双语例句：

SFC pointed out that the proposal to enable SFC to institute civil proceedings with the MMT direct for market misconduct cases was in line with the practice in other jurisdictions such as the United Kingdom (UK), Australia and the United States (US) in that their relevant regulators were allowed direct access to the proceedings equivalent to MMT proceedings.

证监会指出，使证监会可直接在审裁处就市场失当行为个案提起民事法律程序的建议与其他司法管辖区(例如英国，澳洲及美国)的做法一致，因为这些管辖区的相关监管机构可直接提起研讯程序,而该等研讯程序相当于审裁处的研讯程序。

A few submissions question whether breaches of statutory listing requirements should be subject to additional civil sanctions by the SFC and the MMT on top of the existing sanctions applicable to the other six types of market misconduct, as this would suggest that breaches of statutory listing requirements are more serious than the other six types of market misconduct.

有少数意见书质疑，除了适用于其他六类市场失当行为的现有制裁外，违反法定上市要求者应否受证监会及市场失当行为审裁处的额外民事制裁，因为这意味违反法定上市要求的行为，较其他六类市场失当行为严重。

The Administration supplemented that proposed section 307Z mirrored the existing section 281 of the Securities and Futures Ordinance (SFO) (Cap. 571), which enabled a person to seek compensation, based on the "fair, just and reasonable" principle, from a person who was found by the Market Misconduct Tribunal (MMT) for having committed a market misconduct offence, without having to prove to the court once again that the defendant had committed the offence.

政府当局补充，拟议第307Z条以证券及期货条例(第571章)现行第281条为蓝本，该条容许某人根据"公平公正和合理"的原则，向曾被市场失当行为审裁处(下称"审裁处")裁定犯市场失当行为罪行的人寻求赔偿，而无须再次向法院证明被告人犯该罪行。