265 False or misleading appearance of trading

A person must not do, or omit to do, anything if—

(a)

the act or omission will have, or is likely to have, the effect of creating, or causing the creation of, a false or misleading appearance—

(i)

with respect to the extent of active trading in quoted financial products; or

(ii)

with respect to the supply of, demand for, price for trading in, or value of those financial products; and

(b)

the person knows or ought reasonably to know that the person’s act or omission will, or is likely to have, that effect.

Compare: 1988 No 234 s 11B