Saturday, 4 July 2015

insider trading rules

the new insider trading rules places restrictions on 'trading in securities' by any insider who has  or in possession of unpublished price -sensitive information.(UPSI)
THE DEFINITION OF TRADING ALSO INCLUDES 'DEALING' IT PROHIBITS PLEDGE OF SECURITIES WHEN IN POSSESSION OF PRICE SENSITIVE INFORMATION.
NOW DISCLOSE REASONS FOR PLEDGING ..
THIS BRINGS GREATER TRANSPARENCY IN THE SYSTEM

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