PART VINSIDER DEALING

Interpretation

56“Inside information”, etc

1

For the purposes of this section and section 57, “inside information” means information which—

a

relates to particular securities or to a particular issuer of securities or to particular issuers of securities and not to securities generally or to issuers of securities generally;

b

is specific or precise;

c

has not been made public; and

d

if it were made public would be likely to have a significant effect on the price of any securities.

2

For the purposes of this Part, securities are “price-affected securities” in relation to inside information, and inside information is “price-sensitive information” in relation to securities, if and only if the information would, if made public, be likely to have a significant effect on the price of the securities.

3

For the purposes of this section “price” includes value.