243. Insider dealing

1407

{a)

an insider person transacting any deal, directly or indirectly, using inside information involving securities to which the inside information pertains, or using others to transact such deals;

{b)

the disclosing or passing of inside information by an insider person to others;

{ c J an insider person suggesting or recommending to another person to engage in dealing in any security to which the inside information pertains;

and

{d}

the conduct of any person as specified in subsections (1)(a} to (c}

who knows, or ought to have known under normal and reasonable circumstances, that the information possessed is inside information.

(a}

any transaction performed under an agreement that was concluded before the time of gaining access to inside information; or

(b}

the disclosure of inside information by an insider person as part of his job or when discharging his duties in an official capacity.

( 3)

Any person who commits insider dealing is guilty of an offence and liable on conviction to a fine not exceeding $10,000,000, imprisonment for a term not exceeding 10 years or both.