Insider Trading Act, 1998 (Act No. 135 of 1998)2. Offences |
| 1) | Subject to section 4(1), any individual who knows that he or she has inside information and who-- |
| a) | deals directly or indirectly, for his or her own account or for any other person, in the securities or financial instruments to which such information relates or which are likely to be affected by it; or |
| b) | encourages or causes another person to deal or discourages or stops another person from dealing in the securities or financial instruments to which such information relates or which are likely to be affected by it, shall be guilty of an offence. |
| 2) | Subject to section 4(2), any individual who knows that he or she has inside information and who discloses that information to another person, shall be guilty of an offence. |