Section 27Part 1 — Securities Investment Business Act
Territorial scope of offence of insider dealing
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An individual is not guilty of an offence falling within section 25
unless — (a) he was within the Islands at the time when that person is alleged to have done any act constituting or forming part of the alleged dealings; or
the dealing occurred on the Exchange.
An individual is not guilty of an offence falling within section 25(b) or (c) unless —
he was within the Islands at the time when that person is alleged to have disclosed the information or encouraged the dealing; or
the alleged recipient of the information or encouragement was within the Islands at the time when that person is alleged to have received the information or encouragement.