the following subsections apply.
(2) The insider must not (whether as principal or agent):
- (a)
- subscribe for,
purchase or sell, or enter into an agreement to subscribe for, purchase or
sell, any such securities; or
- (b)
- procure another person to subscribe for, purchase or sell, or to enter
into an agreement to subscribe for, purchase or sell, any such securities.
(3) Where trading in the securities referred to in subsection (1) is
permitted on the stock market of a securities exchange, the insider must not,
directly or indirectly, communicate the information, or cause the information
to be communicated, to another person if the insider knows, or ought
reasonably to know, that the other person would or would be likely to:
- (a)
- subscribe for, purchase or sell, or enter into an agreement to subscribe for,
purchase or sell, any such securities; or
- (b)
- procure a third person to subscribe for, purchase or sell, or to enter
into an agreement to subscribe for, purchase or sell, any such securities.