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MAM-2.12.1

In any proceedings against a person for a contravention of sections MAM-2.2 or MAM-2.3 because the person entered into, or procured another person to enter into, a transaction or agreement at a time when certain information was in the first-mentioned person's possession, it is a defence if the court is satisfied that:

(a) The information came into the first-mentioned person's possession solely as a result of the information having been disclosed widely enough; or
(b) The other party to the transaction or agreement knew, or ought reasonably to have known of the information before entering into the transaction or agreement.
November 2010