Securities Markets Act 1988

  • repealed
  • Securities Markets Act 1988: repealed, on 1 December 2014, by section 4(1)(b) of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).
  • Previous title has changed
8A Who is information insider
  • (1) A person is an information insider of a public issuer if that person—

    • (a) has material information relating to the public issuer that is not generally available to the market; and

    • (b) knows or ought reasonably to know that the information is material information; and

    • (c) knows or ought reasonably to know that the information is not generally available to the market.

    (2) A public issuer may be an information insider of itself.

    Section 8A: inserted, on 29 February 2008, by section 5 of the Securities Markets Amendment Act 2006 (2006 No 47).