Versions

 

MAM-3.1.2

No person shall directly or indirectly:

(a) Engage or encourage others to engage in any behaviour or conduct that may give a false or misleading impression as to the supply of or demand for, or the price or value of any securities.
(b) Engage or encourage others to engage in any behaviour or conduct that may give an unrealistic picture of the market regarding the volume and/or prices of any securities.
(c) Create or do anything that is intended or likely to create a false or misleading appearance:
(i) Of active trading in any securities on a securities market;
(ii) With respect to the market for, or the price of, such securities; or
(iii) By engaging or encouraging others to engage in any act of conducting or attempting to conduct a manoeuver with the intention to impede normal functioning of a market.
(d) Maintain, inflate, depress, stabilize, or cause fluctuations in the market price of any securities, or the trading volume of any securities by means of a purchase or sale of any securities that do not involve a change in the beneficial ownership of those securities, or by any fictitious transaction or device.
(e) Engage or encourage others to engage in any fraudulent or misleading or manipulative practice, such as to:
(i) Employ any device, scheme or artifice to defraud;
(ii) buy, sell, intermediate or otherwise deal in securities in a fraudulent manner;
(iii) Obtain money or property by means of any untrue statement of a material fact or any omission to state a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading;
(iv) Engage in any transaction, practice, or course of business which operates or would operate as a fraud or deceit upon the purchaser; or
(v) Induce, fraudulently, other persons to deal in securities, or trade in futures contracts.
(f)Use or employ, in connection with issue, purchase or sale of any security listed or proposed to be listed in a licensed exchange, any manipulative or deceptive device or contrivance in contravention of the provisions of the CBB Law or the rules and regulations made thereunder, including the rules and regulations of licensed exchanges.
(g)Manipulate or publish or cause to publish or report or cause to report by a person dealing in securities any information which is not true or which he does not believe to be true prior to or in the course of dealing in securities.
(h) Indulge in price manipulation or any act or omission amounting to manipulation of the price or volume of a security.
(i) Make a statement, promise, forecast or any other action, or disseminate information that is false or misleading and has or is likely to have an impact on the price or volume of securities.
(j) Employ manipulative or deceptive devices or practices.
(k) Disseminate information about illegal transactions.
(i) Fail, intentionally or recklessly, to notify the licensed exchange or the CBB of such information as is required to be disclosed as per the CBB Law, rules and regulations, Modules on listing requirements, Disclosure Standards and AML/CFT of CBB's Rulebook Volume 6.
(m) Indulge in manipulative or fraudulent or unfair trade practices in securities.
(n) Advance or agree to advance any money to any person thereby inducing any other person to offer to buy any security in any issue only with the intention of manipulating or securing the minimum subscription to such issue.
(o) Enter into a transaction in securities without the intention of performing it, or without the intention of change of ownership of such security.
(p) Sell, deal or pledge stolen or counterfeit securities, whether in physical or dematerialized form.
(q) Provide clients with such information relating to a security that cannot be verified by the clients before their dealing in such security.
(r) Encourage clients to deal in securities solely with the object of enhancing his brokerage or commission.
(s) Indulge in buying or selling securities in advance of a substantial client order, or whereby a futures or option position is taken about an impending transaction in the same or related futures or options contract.
(t) Plant false or misleading news or rumours, or deceitful information which may induce sale or purchase of securities.
November 2010