49. Chinese wall arrangements

Past version: effective up to 01/05/2010
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A person does not contravene Articles 42 or 43 by dealing in Investments at any time because of material information in the possession of a director, officer or employee, if:

(a) the decision to enter into the transaction or agreement was taken on its behalf by a person or persons other than a director, officer or employee;
(b) it had in operation at that time arrangements that could reasonably be expected to ensure that the material information was not communicated to the person or persons who made the decision and that no advice with respect to the transaction or agreement was given to that person or any of those persons by a director, officer or employee in possession of the material information; and
(c) the information was not communicated and no such advice was given.