MAM-2.13.4
In line with Article 104 of the CBB Law: "An individual is not guilty of inside dealing by virtue of dealing in securities or encouraging another person to deal if he proves that:
(1) The information, which he had as an insider, was market information;
(2) It was reasonable that any person in their position would have acted similarly despite having such information as an insider at the time. In determining the appropriateness of such action, a special consideration shall be given to the content of the information, the circumstances in which it was first acquired and in what capacity did he act at the time of dealing."
This defence will be available only if the individual proves that there was parity of information available as per section MAM-2.12.
November 2010