https://www.taxtmi.com/caselaws?id=194893 A listed investment company's decision to sell part of its investment portfolio to fund a new acquisition was held not to be price sensitive information under insider trading regulations. Price sensitive information must be likely to materially affect the price of securities, and the statutory explanation for disposal of a substantial part of an undertaking could not be stretched to cover an investment company's stock-in-trade. Non-disclosure of the funding source, without an inherently price-sensitive transaction, did not amount to a regulatory breach. No violation of the insider trading regulations was made out. en-us Fri, 18 Nov 2011 00:00:00 +0530 Mon, 14 May 2018 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194893 A listed investment company's decision to sell part of its investment portfolio to fund a new acquisition was held not to be price sensitive information under insider trading regulations. Price sensitive information must be likely to materially affect the price of securities, and the statutory explanation for disposal of a substantial part of an undertaking could not be stretched to cover an investment company's stock-in-trade. Non-disclosure of the funding source, without an inherently price-sensitive transaction, did not amount to a regulatory breach. No violation of the insider trading regulations was made out. Case-Laws Companies Law Fri, 18 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194893