MAM-2.2.4
In any proceedings for a contravention of rules MAM-2.2.2 and MAM-2.2.3 against a Permanent Insider to a company referred to in rules MAM-2.2.1, MAM-2.2.2 and MAM-2.2.3, where the prosecution or plaintiff proves that the Permanent Insider was at the material time:
(a) In possession of information concerning the company to which he was connected; and
(b) The information was not disclosed widely enough;
it shall be presumed, until the contrary is proved that the permanent insider knew at the material time that:
it shall be presumed, until the contrary is proved that the permanent insider knew at the material time that:
(i) The information was not disclosed widely enough; and
(ii) If the information were disclosed widely enough, it might have a material effect on the price or value of securities of that company.
November 2010