Section 23
of Securities Markets Regulations, 2015
Section 23
(1)
Reporting entities may only disclose price sensitive information, in strict confidence, to
(a}
their advisers;
(bJ agents employed to release the information;
(cJ persons with whom they are negotiating with a view to effecting a transaction or raising finance, or where the information is disclosed in the necessary course of business of the reporting entities.
(2)
In the event that it is likely that price sensitive information will be made known to certain employees of the reporting entities, the reporting entities must put in place procedures to ensure that those employees do not disclose such information, whether or not inadvertently, and that those employees are adequately traii?-ed in the handling, distribution and announcement of price sensitive information.
Framework for handling of price sensitive information.