Stamp Duties Act, 1968 (Act 77 of 1968)
R 385
Insider Trading Act, 1998 (Act No. 135 of 1998)3. Publication |
| 1) | For the purposes of this Act, information shall be regarded as having been made public in circumstances which include but are not limited to those when-- |
| a) | it is published in accordance with the rules of the relevant regulated market for the purpose of informing investors and their professional advisers; or |
| b) | it is contained in records maintained by the relevant statutory regulator which by virtue of any enactment are open to inspection by the public; or |
| c) | it can be readily acquired by those likely to deal in any securities or financial instruments-- |
| i) | to which the information relates; or |
| ii) | of an issuer to which the information relates; or |
| d) | it is derived from information which has been made public. |
| 2) | Inside information may be regarded as having been made public even though- |
| a) | it can be acquired only by persons exercising diligence, or expertise or by observation; |
| b) | it is communicated to a section of the public and not to the public at large; |
| c) | it is communicated only on payment of a fee; or |
| d) | it is only published outside the Republic. |
