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  • 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