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  • MAM-2.3 MAM-2.3 Prohibited Conduct by Other Persons in Possession of Inside Information

    • MAM-2.3.1

      Without prejudice to section MAM-2.1, where:

      (a) A person who is not a Permanent Insider (referred to in this section as the insider) possesses information that is not disclosed widely enough; and
      (b) The insider knows that:
      (i) The information is not disclosed widely enough; and
      (ii) If it were disclosed widely enough, it might have a material effect on the price or value of those securities;

      rules MAM-2.3.2 and MAM-2.3.3 shall apply.

      November 2010

    • MAM-2.3.2

      The insider must not (whether as principal or agent):

      (a) Subscribe for, purchase or sell, or enter into an agreement to subscribe for, purchase or sell any such securities; or
      (b) Procure another person to subscribe for, purchase or sell, or to enter into an agreement to subscribe for, purchase or sell, any such securities.
      November 2010

    • MAM-2.3.3

      Where trading in the securities referred to in rule MAM-2.3.1 is permitted on the securities market of a licensed exchange, the insider must not, directly or indirectly, communicate the information or cause the information to be communicated to another person if the insider knows, or ought reasonably to know, that the other person would or would be likely to:

      (a) Subscribe for, purchase or sell, or enter into an agreement to subscribe for, purchase or sell any such securities; or
      (b) Procure a third person to subscribe for, purchase or sell, or to enter into an agreement to subscribe for, purchase or sell, any such securities.
      November 2010