relates, directly or indirectly, to one or more issuers or to one or more financial instruments; and
if it were made public, would be likely to have a significant effect on the prices of those financial instruments or on the price of related derivative financial instruments (that is, it is information that a reasonable investor would be likely to use as part of the basis of their investment decisions).
There are also different definitions of inside information in UK MAR in relation to commodity derivatives, emission allowances and auctioned products based thereon and for persons charged with the execution of orders concerning financial instruments (see Article 7(1)(b) to 7(1)(d), UK MAR).