Section 243
of Securities Markets Order, 2013
ORDERIn forceProvision 242 of 288
Section 243
(2)
The following shall not be deemed as insider dealing-
(a}
any transaction performed under an agreement that was concluded before the time of gaining access to inside information; or
(b}
the disclosure of inside information by an insider person as part of his job or when discharging his duties in an official capacity.
( 3)
Any person who commits insider dealing is guilty of an offence and liable on conviction to a fine not exceeding $10,000,000, imprisonment for a term not exceeding 10 years or both.
(4)
No contract shall be void or unenforceable by reason only of an offence under this section.
Insider information.