Section 31Part 1 — Securities Investment Business Act
Inside information
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“ Inside information ” means information which —
relates to particular listed securities or to a particular issuer of listed securities or to particular issuers of listed securities and not to listed securities generally or to issuers of listed securities generally;
is specific or precise;
has not been made public; and
is price sensitive. 32 32. “Price - affected securities” and “price - sensitive information” 32 . Listed securities are “ price-affected ” securities in relation to inside information, and insi de information is “ price-sensitive ” in relation to listed securities, if and only if the information would, if made public, be likely to have a significant effect on the price or value of the listed securities.