Financial Markets Conduct Act 2013

434 Duties of directors and senior managers of DIMS licensee

A director or senior manager of a DIMS licensee—

(a)

must not make use of information acquired through being the director or senior manager of the DIMS licensee in order to—

(i)

gain an improper advantage for itself or any other person; or

(ii)

cause detriment to the investors using the service; and

(b)

must not make improper use of the position as a director or senior manager of the DIMS licensee to gain, directly or indirectly, an advantage for himself or herself or any other person or to cause detriment to the investors using the service.

Compare: Corporations Act 2001 s 601FE (Aust)