Versions

 

49. Chinese wall arrangements

A person does not contravene Article 42 by dealing in Investments or related investments if:

(a) it had in operation at that time an effective information barrier which could reasonably be expected to ensure that the inside information was not communicated to the person or persons who made the decision to deal and that no advice with respect to the transaction or agreement was given to that person or any of those persons by an insider; and
(b) the information was not communicated and no such advice was given.