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* Paul Coyle charged with insider dealing
* Alleged offences relate to trading in Ocado shares Feb-May2013
* Morrisons sealed partnership deal with Ocado May 2013
* Morrisons says satisfied with governance (Adds detail, Morrison statement)
LONDON, Sept 29 (Reuters) - The former treasurer and head oftax at Wm Morrison Supermarkets, the country's No. 4grocer, has been charged with insider dealing, Britain'sFinancial Conduct Authority (FCA) said on Monday.
The financial watchdog said Paul Coyle was charged with twooffences related to trading in shares of online grocer Ocado between February and May 2013.
Morrison announced talks with Ocado regarding a possiblepartnership in March 2013, sending shares in Ocado sharplyhigher. A deal between the two companies was agreed in May 2013.
Coyle was originally arrested in December 2013 when still aMorrisons employee.
He will now face a hearing in front of magistrates and,depending on his plea, a possible criminal trial. Individualsfound guilty of insider trading can be sentenced to up to sevenyears in prison.
Calls by Reuters to Coyle's lawyer were not answered.
The FCA and its predecessor the Financial Services Authorityhave secured 24 convictions in relation to insider dealing.
"The FCA's insider dealing investigation did not concern WmMorrison Supermarkets Plc nor any other Morrisons' employee,"the grocer said in a statement.
The company said it was satisfied with its governance andprocedures concerning the handling of market sensitive data inthis case. "These accusations, if proven, would be the result ofan individual acting alone," it added. (Reporting by James Davey; Editing by Kate Holton and DavidHolmes)
