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  • MAM-2.14 MAM-2.14 Restrictions on Insider's Trading

    • Trading by Permanent Insiders

      • MAM-2.14.1

        Permanent Insiders must schedule their trading of securities issued by the company in such a manner that their trading will not undermine confidence in the securities market.

        Amended: April 2021
        November 2010

    • Trading After Publication of Financial Statements

      Following the publication of financial statements by a company, Permanent Insiders of that company must refrain from trading and wait until the commencement of the following day's trading session, or after 24 hours, whichever is less, after the publication of the financial statements have been released in the local newspapers.

      November 2010

      • MAM-2.14.2

        Following the publication of financial statements by a company, Permanent Insiders of that company must refrain from trading and wait until the commencement of the following day's trading session, or after 24 hours, whichever is less, after the publication of the financial statements have been released in the local newspapers.

        Amended: April 2021
        November 2010

    • Scope of the Restriction on Trading

      • MAM-2.14.3

        The restrictions on trading must be applied to the listed company's Permanent Insiders. A Permanent Insider must also be responsible for compliance with the restriction on trading when the management of the securities of the Permanent Insider has been assigned to another party.

        Amended: April 2021
        November 2010

      • MAM-2.14.4

        The restriction on trading shall not be applied in cases where:

        (a) Buying securities by subscribing or obtaining them directly from the company or its group in a public issue;
        (b) Receiving securities in consideration of redemption, merger, demerger, or as compensation in accordance with a public tender offer, or in another comparable manner;
        (c ) Receiving shares as dividends (bonus shares), or another form of payout from retained earnings;
        (d) Receiving securities as compensation for work or other performance or service;
        (e) Receiving securities as inheritance under a will, as a present, or as a result of partition of an estate, or by means of similar acquisition.
        November 2010