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MAM-2.7.2

A company does not contravene sections MAM-2.2 or MAM-2.3 by entering into a transaction or agreement at any time merely because of information in the possession of an officer of the company if:

(a) The decision to enter into the transaction or agreement was taken on its behalf by a person other than that officer;
(b) It had in operation at that time arrangements that could reasonably be expected to ensure that the information was not communicated to the person who made the decision and that no advice with respect to the transaction or agreement was given to that person by a person in possession of the information; and
(c) The information was not communicated and no such advice was given.
November 2010