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  Versions
(1 version)
 
Jul 5 2012 onwards

MKT 3.4.2



Whole Section PDF

The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

(1) A Restricted PersonG must not engage in dealing in the SecuritiesG of the Reporting EntityG during a close period except in the circumstances specified in Rule 3.4.3 or 3.4.4.
(2) For the purposes of this Rule:
(a) a "close period" is:
(i) the period from the relevant financial year end up to and including the time of the announcement or publication of the annual financial reports; and
(ii) if the Reporting EntityG reports on a semi-annual basis, the period from the end of the relevant semi-annual financial period up to and including the time of the announcement or publication; or
(iii) if the Reporting EntityG reports on a quarterly basis, the period from the end of the relevant quarter up to and including the time of the announcement.
(b) "dealing in Securities" means:
(i) any acquisition or disposal of, or agreement to acquire or dispose of, Securities of the Reporting EntityG ;
(ii) entering into a contract (such as a contract for difference) the purpose of which is to secure a profit or avoid a loss by reference to fluctuations in the price of the SecuritiesG of the Reporting EntityG ;
(iii) the grant, acceptance, acquisition, disposal, exercise or discharge of any option to acquire or dispose of any SecuritiesG of the Reporting EntityG ;
(iv) entering into, or terminating, assigning or novating any stock lending agreement in respect of the Securities of the Reporting EntityG ;
(v) using as security, or otherwise granting a charge, lien or other encumbrance over the Securities of the Reporting EntityG ; or
(vi) any other transaction including a transfer for no consideration, or the exercise of any power or discretion effecting a change of ownership of a beneficial interest in, the Securities of the Reporting EntityG .
(3) The prohibition in (1) applies to any dealing by Restricted PersonsG whether or not such dealings are with another Restricted PersonG or any other PersonG .
Derived from RM81/2011 (Made 30th November 2011). [VER1/11-11]