Communication or procurement of unpublished price sensitive information and maintenance of a structured digital data base.
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....ensitive information and maintenance of a structured digital data base. 5C. (1) No insider shall communicate, provide, or allow access to any unpublished price sensitive information to any person including other insiders except where such communication is in furtherance of legitimate purposes, performance of duties or discharge of legal obligations. NOTE: This provision is intended to cast an ob....
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....lished price sensitive information not in furtherance of one's legitimate duties and discharge of obligations would be illegal under this provision. (3) The board of directors of an asset management company with the approval of the Trustees shall make a policy for determination of "legitimate purposes". Explanation - For the purpose of illustration, the term "legitimate purpose" shall includ....
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.... (4), the board of directors of an asset management company shall require the parties to execute agreements to contract confidentiality and non-disclosure obligations on the part of such parties and such parties shall keep information so received confidential, except for the purpose specified herein and shall not otherwise deal in the units of a mutual fund when in possession of unpublished price ....
TaxTMI
TaxTMI