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of <h1>Companies Can Use Trusts for Share-Based Employee Benefits; Must Comply with Record-Keeping, Trading, and Insider Rules.</h1> A company can implement share-based employee benefit schemes directly or through an irrevocable trust, which must be established at the time of shareholder approval. If the scheme involves secondary acquisition or gifts, it must be implemented through a trust. The trust must maintain accurate records for each scheme and file the trust deed with the stock exchange. Trustees cannot be company directors or major shareholders, and they cannot vote on shares held by the trust. The trust is prohibited from trading derivatives and must adhere to specific acquisition limits. Shares acquired must be held for six months, with exceptions for specific transfers. The trust must comply with insider trading regulations and cannot engage in trading except under defined circumstances.
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