TMI BlogCommunication or procurement of unpublished price sensitive information and maintenance of a structured digital data base.X X X X Extracts X X X X X X X X Extracts X X X X ..... ished price sensitive information and maintenance of a structured digital data base. 5C. (1) No insider shall communicate, provide, or allow access to any unpublished price sensitive information to any person including other insiders except where such communication is in furtherance of legitimate purposes, performance of duties or discharge of legal obligations. NOTE: This provision is in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and procurement of unpublished price sensitive information not in furtherance of one's legitimate duties and discharge of obligations would be illegal under this provision. (3) The board of directors of an asset management company with the approval of the Trustees shall make a policy for determination of legitimate purposes . Explanation For the purpose of illustration, the term leg ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... For the purpose of sub-regulation (4), the board of directors of an asset management company shall require the parties to execute agreements to contract confidentiality and non-disclosure obligations on the part of such parties and such parties shall keep information so received confidential, except for the purpose specified herein and shall not otherwise deal in the units of a mutual fund when in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (7) The board of directors or head(s) of the organisation of every person required to handle unpublished price sensitive information shall ensure that the structured digital database is preserved for a period of not less than eight years after completion of the relevant transactions and in the event of receipt of any information from the Board regarding any investigation or enforcement proceedings ..... X X X X Extracts X X X X X X X X Extracts X X X X
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