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    <description>The Regulations prohibit trading in securities while in possession of unpublished price sensitive information, restrict communication or procurement of such information except for legitimate purposes, and define insiders by reference to a broad class of connected persons and those with access. They provide exceptions through approved and irrevocable trading plans and structured inter se transfers, allocate burdens of proof for connected persons, require confidentiality agreements, mandate disclosure and reporting regimes, and impose codes of disclosure and conduct administered by a compliance officer.</description>
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