Prohibited trading practices

Question 1

‘‘deal’’

Answer 1

includes conveying or giving an instruction to deal

Question 2

‘‘inside information’’

Answer 2

means specific or precise information, which has not been made public and which -
(a) is obtained or learned as an insider;
(b) if it were made public, would be likely to have a material effect on the price or value of any security listed on a regulated market or any derivative instrument related to such a security

Question 3

‘‘insider’’

Answer 3

a person who has inside information -
(a) through -
(i) being a director, employee or shareholder of an issuer of securities listed on a regulated market or an issuer
of derivative instruments related to such securities to which the inside information relates; or
(ii) having access to such information by virtue of employment, office or profession; or
(b) where such person knows that the direct or indirect source of the information was a person contemplated in
paragraph (a)

Question 4

Prohibited practice (d)

Answer 4

approving or entering on a regulated market an order at or near the close of the market, the primary purpose of which is to change or maintain the closing price of a security listed on that market

Question 5

Prohibited practice (e)

Answer 5

approving or entering on a regulated market an order to buy or sell any security which order will be included in any auction during an auction call period and cancelling such order immediately prior to the auction matching, to create —
(i) a false or deceptive appearance of the demand for or supply of such security; or
(ii) an artificial price for such security;

Question 6

‘‘market corner’’

Answer 6

any arrangement, agreement, commitment or understanding involving the purchasing, selling or issuing of securities listed on a regulated market -
(a) by which a person, or a group of persons acting in concert, acquires direct or indirect beneficial ownership of, or
exercises control over, or is able to influence the price of, securities listed on a regulated market.
(b) where the above is likely to be that the trading
price of the securities listed on a regulated market, as reflected through the facilities of a regulated market, is or is likely
to be abnormally influenced or dictated by such person or group of persons in that the said trading price deviates or is
likely to deviate from the trading price which would otherwise likely have been reflected through the facilities of the
regulated market on which the particular securities are traded;

Question 7

Prohibited practice (f)

Answer 7

effecting or assisting in effecting a market corner;

Question 8

Prohibited practice (g)

Answer 8

maintaining, at a level that is artificial, the price of a security listed on a regulated market.